The appreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents.
A) more expensive; more expensive
B) cheaper; cheaper
C) more expensive; cheaper
D) cheaper; more expensive

Question

Quizplus · Accepted Answer

When the dollar appreciates, it means it has become stronger in value compared to other currencies. This makes U.S. goods more expensive for foreigners because they now have to spend more of their own currency to purchase the same amount of U.S. goods. On the other hand, imports become cheaper for U.S. residents because they can now exchange fewer dollars to purchase the same amount of foreign goods.

The Appreciation of the Dollar Will Make U