Tourism is travel for pleasure or business. it can be the business of operating tours, accommodating, and attracting.
This affect the United States or Mexico through options B and D: US exporters would see an increase in demand in Mexico for their goods and consumers in the United States would be able to purchase more goods from Mexico for their money.
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How would this affect the United States or Mexico?</h3>
Value of the Mexican peso depreciates relative to the US dollar. This will make Mexican goods cheaper to the US residents because now they've to pay less USD to buy 1 unit of Mexican peso.
However, Mexicans will find US goods costlier than before because now they have to pay more pesos to buy 1 USD.
Therefore, demand for Mexican export will increase and the demand for US export will decrease.
Hence, correct answer is option B and D
Learn more about Mexico, refer to the link:
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2 plantation system of the Caribbean
George Washington offered to lead the men in the Battle of Boston.
Answer:
Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. Demand is based on needs and wants—a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay for it, you have no effective demand.
What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. A rise in price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a fall in price will increase the quantity demanded. When the price of a gallon of gasoline goes up, for example, people look for ways to reduce their consumption by combining several errands, commuting by carpool or mass transit, or taking weekend or vacation trips closer to home. Economists call this inverse relationship between price and quantity demanded the law of demand. The law of demand assumes that all other variables that affect demand (to be explained in the next module) are held constant.
