Lumen OHM Assessment

Try another version of these questions

Question 1

Other things the same, if the exchange rate changes from 8.7 Renminbi per dollar to 2.1 Renminbi per dollar, the dollar has

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

Hint

Question 2

Other things the same, if the exchange rate changes from 6 Franc per dollar to 3.8 Franc per dollar, the dollar

appreciates so US goods become more expensive relative to foreign goods.
appreciates so US goods become less expensive relative to foreign goods.
depreciates so US goods become less 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 2.6 Pesos per dollar to 8 Pesos per dollar, the dollar

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

Hint

Question 4

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

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

Hint

Question 5

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

fewer domestic goods and fewer foreign goods.
more 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 2.9 Dinar per dollar to 5.8 Dinar per dollar, then the dollar

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

Hint

Question 7

Other things the same, if the exchange rate changes from 8.2 Pound per dollar to 2.7 Pound per dollar, then the dollar

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

Hint

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