Asked by Isiwat Taiwo on Apr 29, 2024
Verified
Which of the following is correct?
A) The rapid expansion of foreign incomes will reduce U.S.agricultural exports.
B) A decrease in the international value of the dollar will reduce U.S.agricultural exports.
C) An increase in the international value of the dollar will reduce U.S.agricultural exports.
D) Changes in the international value of the dollar have no effect on U.S.agricultural exports.
International Value
The worth of a product or service in the international market, often influenced by factors like exchange rates, demand and supply in global markets, and international competition.
Agricultural Exports
Goods produced through farming and agriculture that are sold to other countries.
- Comprehend the impact of global elements, including trade dynamics and the dollar's valuation, on agriculture in the United States.
Verified Answer
FM
Fernanda MorenoMay 03, 2024
Final Answer :
C
Explanation :
An increase in the international value of the dollar makes U.S. goods more expensive for foreign buyers, potentially reducing U.S. agricultural exports as foreign buyers may seek cheaper alternatives.
Learning Objectives
- Comprehend the impact of global elements, including trade dynamics and the dollar's valuation, on agriculture in the United States.