Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Chapter 20 - Money, Financial Institutions, and the Federal Reserve - Critical Thinking - Page 576: 3

Answer

If the value of the dollar declines in comparison to the euro, then the french wine sold in U.S. stores will be more expensive. The people in France are more likely to buy a U.S. made car.

Work Step by Step

If the value of the dollar declines in comparison to the euro, then the french wine sold in U.S. stores will be more expensive. The people in France are more likely to buy a U.S. made car.
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