What happens to the cost of foreign goods when the dollar is strong?

A. The cost of foreign goods is lower.

B. The cost of foreign goods rises briefly, then falls.

C. The cost of foreign goods stays the same.

D. The cost of foreign goods rises.

Question

Azul French

Social Studies

9 November, 17:45

What happens to the cost of foreign goods when the dollar is strong?

A. The cost of foreign goods is lower.

B. The cost of foreign goods rises briefly, then falls.

C. The cost of foreign goods stays the same.

D. The cost of foreign goods rises.

+3

Answers (1)

Know the Answer?

Jaylan Wade · Answer 1

A. The cost of foreign goods is lower

Explanation:

McGraw Hill Understanding Economics

"When the dollar is strong, as it was in 1985 and 2002, foreign goods become less costly and American exports become more costly for the rest of the world." (513)

What happens to the cost of foreign goods when the dollar is strong?A. The cost of foreign goods is lower.B. The cost of foreign goods rises briefly, then falls.C. The cost of foreign goods stays the same.D. The cost of foreign goods rises.

What happens to the cost of foreign goods when the dollar is strong?

A. The cost of foreign goods is lower.

B. The cost of foreign goods rises briefly, then falls.

C. The cost of foreign goods stays the same.

D. The cost of foreign goods rises.