Refer to Table 20.3. If the exchange rate is $1 = 2 euros, then

A) the United States will import both raspberries and chocolate.
B) Belgium will import both raspberries and chocolate.
C) the United States will import raspberries and Belgium will import chocolate.
D) Belgium will import chocolate.

Exchange Rate

The price at which one currency can be exchanged for another in the foreign exchange market.

Raspberries

Edible fruits from plants in the genus Rubus, characterized by their aggregate structure of small drupelets.

Chocolate

A sweet food made from roasted and ground cacao seeds, typically eaten as confectionery or used to make beverages and to flavor or coat various foods.