QUESTI 10 points Save Answer If a German car cost 20000 Euro

QUESTI 10 points Save Answer If a German car cost 20,000 Euro and the dollar-Euro exchange rate is 1.25 dollars per Euro, what is the cost of the car in dollars? $25,000 $16,000 $20,000 O $12,500 QUESTI 10 points Save Answer The United States currently O imports exactly as much as it exports. exports more than it imports more than in exports. O does not engage in international trade. QUESTI 10 points Save Answer Which of the following is NOT an argument used to defend trade restrictions? They protect infant They allow domestic producers to compete against products that other countries subsidize. O They protect domestic They increase total

Solution

a) The price in Dollar will be 20,000 x 1.25 = 25,000. The answer is \"A\".

b) The US is an importing economy, they import much more than they export. The answer is \"C\".

c) \"They increase total production\" is not an argument to defend trade restrictions.