1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Georgia [21]
3 years ago
12

Travis takes two trips to Ecuador. On his first trip, he finds that one US dollar is worth 25000 Ecuadorian Sucre. On his return

trip, he finds that the dollar is now worth 26000 Ecuadorian Sucre. What is a LIKELY result of this change in exchange rates?
A) American Exports to Ecuador Increase
B) American Imports from Ecuador increase
C) There is not enough information to answer
D) Ecuadorians invest more in infrastructure
History
2 answers:
REY [17]3 years ago
5 0

The correct answer B) American imports from Ecuador would increase.

<em>The result of this change in the exchange rates would be that American imports from Ecuador would increase. </em>

The reason why America is going to import more products from Ecuador is because the products are cheaper for the American import company. The currency devaluation in Ecuador indicates that 1 dollar is worth 26,000 Ecuadorian Sucre (Ecuador’s currency). This means that the dollar is a much stronger currency and the value of the American dollar allows people to buy a lot of things at a very low price. American companies can import products for Ecuador at low prices and then sell them in American stores with good gains.

Another consequence of this difference of currencies is that American companies can invest more in Ecuador. They are going to pay less money to workers and their investments are going to produce more. Furthermore, traveling to Ecuador is very cheap, and American tourism can increase in the region.

STatiana [176]3 years ago
4 0

the answer is more americans will travel to Ecuador so B

You might be interested in
The circular flow model examines interactions between which two groups?
Liono4ka [1.6K]

Answer: household and firms

Explanation:

The circular flow model which is also referred to as the circular flow of income simply shows how money flows or changes hand between the household and the firms.

For example, the individuals purchases goods from the firm's and the firms pay individuals which are the workers wages and salaries. Money moves through different ways in the economy.

8 0
3 years ago
Read 2 more answers
The modern democracy is popularly associated which (a) Russia (b)America (c) Britain (d) Germany .​
ioda

Answer:

B

Explanation:

America

8 0
3 years ago
The United States and the Soviet Union came to the brink of nuclear war in 1962 over Soviet missile bases in
astraxan [27]
The United States and the Soviet Union came to the brink of nuclear war in 1962 over Soviet missile bases in Cuba. This was referred to as the "Cuban Missile Crisis". The US was mostly concerned about the very close proximity of the missiles to its shores. 
7 0
3 years ago
Read 2 more answers
How did the Emancipation Proclamation change the meaning of the Civil War?
charle [14.2K]

Answer:

hope this helped :)

Explanation:

It added moral force to the Union cause and strengthened the Union both militarily and politically.

5 0
1 year ago
Read 2 more answers
How did the industrial revolution affect social life in societies around the world
Svetach [21]
The creation of a middle class
8 0
3 years ago
Other questions:
  • Where do most people in Iraq live?
    13·2 answers
  • When did general cornwallis take over british forces in the south?
    11·1 answer
  • In the event of a misspelled name, how may the holder endorse the document?
    13·1 answer
  • Describe the geographical features of the New York colonies
    10·1 answer
  • The war industries board was designed to set quotes on production and reduce waste setting prices for products made in america.
    13·2 answers
  • Which abolitionist was known as "Black Moses"?
    9·2 answers
  • What four European-controlled territories are in North America?
    6·1 answer
  • Which group mixed with the israelites to form the sumerian culture?
    5·1 answer
  • in view of soviet policies toward eastern europe in the postwar era, what reasons did people in eastern europe have for resistan
    6·1 answer
  • Compare and contrast lenin and stalin
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!