Question

Which of the following statements is true, if other things remaining the same, the exchange rate changes from 1$= 80 to 1$= 75
(A) Import will fall
(B) Imports will rise
(C) Exports will rise
(D) National income will rise
(E) National income will fall
Choose the correct answer from the options given below:

• A. (B) and (E) only
• B. (C), (D) and (E) only
• C. (C), (D) and (E) only
• D. (B), (E) and (D) only

Answer 1

Answer: (B)

(C), (D) and (E) only

Answer 2

The correct option is (B) :(C), (D) and (E) only