If global trade experts predict that the value of the dollar will soon fall,it will result in:
A)Both the prices of imported goods rising and prices of U.S.goods sold overseas rising,as well.
B)Prices of imported goods rising,but prices of U.S.goods sold overseas falling.
C)Prices of imported goods are falling and prices of U.S.goods sold overseas falling,as well.
D)Prices of imported goods falling,but prices of U.S.goods sold overseas rising.

Question

Quizplus · Accepted Answer

If global trade experts predict that the value of the dollar will soon fall, it means that it will become cheaper for foreign countries to buy goods from the United States, but more expensive for American consumers to buy products from other countries. As a result, prices of imported goods are likely to rise, but prices of U.S. goods sold overseas may fall due to lower demand from the international market.

If Global Trade Experts Predict That the Value of the Dollar