American farmers who sell beef to Europe benefit most from

Question

Quizplus · Accepted Answer

An increase in the dollar price of euros means that American farmers will receive more dollars per euro when they sell their beef to European buyers. This will increase their revenue and benefit them the most. A decrease in the dollar price of euros would mean that they receive fewer dollars per euro, and a European ban on imports of American beef would eliminate their market altogether. A constant dollar price for euros would not have any significant impact on their revenue.

American Farmers Who Sell Beef to Europe Benefit Most from