Lumen OHM Assessment

Try another version of these questions

Question 1

Other things the same, if the exchange rate changes from 9.2 Yen per dollar to 5 Yen per dollar, the dollar has

appreciated and buys fewer foreign goods.
depreciated and buys more foreign goods.
depreciated and buys fewer foreign goods.
appreciated and buys more foreign goods.

Hint

Question 2

Other things the same, if the exchange rate changes from 7.9 Dinar per dollar to 1.2 Dinar per dollar, the dollar

appreciates so US goods become less expensive relative to foreign goods.
depreciates so US goods become less expensive relative to foreign goods.
appreciates so US goods become more expensive relative to foreign goods.
depreciates so US goods become more expensive relative to foreign goods.

Hint

Question 3

Other things the same, if the exchange rate changes from 3.5 Krone per dollar to 9.6 Krone per dollar, the dollar

depreciates so U.S. goods become less expensive relative to foreign goods.
appreciates so US goods become less expensive relative to foreign goods.
appreciates so US goods become more expensive relative to foreign goods.
depreciates so US goods become more expensive relative to foreign goods.

Hint

Question 4

A depreciation of the U.S. exchange rate induces U.S. consumers to buy

more domestic goods and more foreign goods.
fewer domestic goods and fewer foreign goods.
more domestic goods and fewer foreign goods.
fewer domestic goods and more foreign goods.

Hint

Question 5

An appreciation of the U.S. exchange rate induces U.S. consumers to buy

more domestic goods and fewer foreign goods.
fewer domestic goods and fewer foreign goods.
fewer domestic goods and more foreign goods.
more domestic goods and more foreign goods.

Hint

Question 6

Other things the same, if the exchange rate changes from 0.5 Renminbi per dollar to 8.8 Renminbi per dollar, then the dollar

appreciates, which causes US net exports to decrease.
depreciates which causes US net exports to decrease.
appreciates which causes US net exports to increase.
depreciates which causes US net exports to increase.

Hint

Question 7

Other things the same, if the exchange rate changes from 10 Yen per dollar to 0.9 Yen per dollar, then the dollar

appreciates, which causes US net exports to decrease.
depreciates which causes US net exports to decrease.
appreciates which causes U.S. net exports to increase.
depreciates which causes US net exports to increase.

Hint

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