Asked by Alyssa Grant on May 19, 2024
Verified
When the U.S.dollar rises in value,this tends to _____ our imports and ______ our exports.
U.S. Dollar
The official currency of the United States, widely used as a standard of exchange in international transactions.
Imports
Goods and services purchased from other countries, bringing them into the domestic market for consumption or input into further production.
Exports
Goods or services sold by one country to other countries on the international market.
- Recognize the effects of currency valuation on international trade.
- Analyze the impact of currency appreciation and depreciation on imports and exports.
Verified Answer
NG
Learning Objectives
- Recognize the effects of currency valuation on international trade.
- Analyze the impact of currency appreciation and depreciation on imports and exports.