Question

When a country’s currency becomes weaker, tourists can buy the country’s currency at a ________ price....

When a country’s currency becomes weaker, tourists can buy the country’s currency at a ________ price. Thus, tourists tend to shop _________ in the country.

a.

lower;less

b.

higher;more

c.

higher;less

d.

lower;more

Homework Answers

Answer #1

Ans: d) lower; more

Explanation:

When a country’s currency becomes weaker, then it will promote more exports . In this case , the value of the country's currency is depriciated as compared to foreign currencies. Now the goods are less expensive for the foreigners .It discourages imports . So it is concluded that when a country’s currency becomes weaker, tourists can buy the country’s currency at a lower price. Thus, tourists tend to shop more in the country.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
When you buy currency at a U.S. bank, what rate applies to your purchase of a...
When you buy currency at a U.S. bank, what rate applies to your purchase of a foreign currency? Select one: a. bid rate and it is higher than ask rate b. ask rate and it is higher than bid rate c. bid rate and it is lower than ask rate d. ask rate and it is lower than bid rate
Why does consumer surplus decrease when price increases? Consumers buy less of the good at a...
Why does consumer surplus decrease when price increases? Consumers buy less of the good at a lower price. Consumers buy less of the good at a higher price. Consumers buy more of the good at a higher price. Producers cannot sell as much to the consumer.
If on Tuesday you can buy 125 yen per U.S. dollar and on Wednesday you can...
If on Tuesday you can buy 125 yen per U.S. dollar and on Wednesday you can buy 120 yen per U.S. dollar, a. both the U.S. dollar and the yen have appreciated. b. both the U.S. dollar and the yen have depreciated. c. the U.S. dollar has appreciated and the yen has depreciated. d. the U.S. dollar has depreciated and the yen has appreciated. If the U.S. dollar appreciates in the foreign exchange market, a. American goods will become more...
1. A distinguishing characteristic of monopolistically competitive market is A. price discrimination B. differentiated products C....
1. A distinguishing characteristic of monopolistically competitive market is A. price discrimination B. differentiated products C. having long-run economic profits D. having short-run economic losses 2. The Nash equilibrium in a duopoly market would result in A. An equilibrium price higher than the "monopoly price" but a lower equilibrium quantity compared to the " monopoly quantity" B. An equilibrium price higher than a competitive price but a lower equilibrium quantity compared to a monopoly quantity C. an equilibrium quantity higher...
_____ risk is the uncertainty associated with the price at which the currency from one country...
_____ risk is the uncertainty associated with the price at which the currency from one country can be converted into the currency of another country. a. Expropriation b. Political c. Exchange rate d. Earnings repatriation e. Beta
The Income Effect argues that buyers will buy more of our product at a lower price...
The Income Effect argues that buyers will buy more of our product at a lower price because a. substitutes are now more affordable b. our products lower price means that the purchasing power of their incomes will allow them to buy more c. our customers will have less taxes to pay d. there will be less substitutes for our product e. our product must be an inferior good The Substitution Effect argues that buyers will by less of our product...
What effect is working when the price of a good falls and consumers tend to buy...
What effect is working when the price of a good falls and consumers tend to buy it instead of other goods?     a. the income effect.     b. the substitution effect.     c. the diminishing marginal utility effect.     d. the ceteris paribus effect.
when can you cut a firms devidend and still increase the firms share price a. when...
when can you cut a firms devidend and still increase the firms share price a. when you cut a dividends to invest in new projets b when you retain more earnings. the more earnings you retain, the higher the guture growth rate c the price of a stock will always go down if you cut dividends d only when you cut dividends and invest in profitable projects 2. whihc one of the following is not often associated with venture capital...
QUESTION 64 The sticky-wage theory of the short-run aggregate supply curve says that when the price...
QUESTION 64 The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected, a. production is less profitable and employment falls. b. production is less profitable and employment rises. c. production is more profitable and employment rises. d. production is more profitable and employment falls. 1 points    QUESTION 65 Other things the same, if technology increases, then in the long run a. both output and prices are lower. b. both output...
An example of an industry that can limit trade and increase prices is: Question 22 options:...
An example of an industry that can limit trade and increase prices is: Question 22 options: a) oil. b) groceries. c) clothing. d) sugar. Restrictions on trade: Question 21 options: a) reduce income, increasing the necessity of child labor. b) allow children to leave jobs in agriculture for higher-paying jobs in manufacturing. c) lead to higher income for developing countries but not industrialized countries. d) reduce child labor by making countries more reliant on adult labor. Which of the following...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT