What is the primary benefit to the United States of a high price for the dollar in the foreign exchange market?
A)It makes foreign goods cheaper, helping consumers.
B)It encourages exports, helping producers.
C)It increases the international status of other countries, which gives them an incentive to be our trading partners.
D)There are no benefits to the United States of a high price for the dollar; a lower price is always better.

Question

Quizplus · Accepted Answer

A high price for the dollar makes it more valuable compared to other currencies, which means that Americans can buy foreign goods at a lower cost. This is beneficial for consumers in the United States because they can purchase more with their money when buying internationally.

What Is the Primary Benefit to the United States of a High