In 2004, retailers and exporters in the United States were happy, as were their customers from abroad, because of:
A) a reduction in import tariffs by the EU.
B) the lifting of an embargo on U.S. exports to Germany.
C) the high value of the U.S. dollar compared with other currencies.
D) the low value of the U.S. dollar compared with other currencies.

Question

Quizplus · Accepted Answer

A low value of the U.S. dollar compared to other currencies would make U.S. exports cheaper for foreign buyers, increasing demand for U.S. goods and potentially boosting sales for U.S. retailers and exporters.

In 2004, Retailers and Exporters in the United States Were