A sizable appreciation of the U.S.dollar in the mid-1980s
A)raised U.S.exports and imports.
B)raised U.S.exports and reduced imports.
C)reduced U.S.exports and imports.
D)reduced U.S.exports and raised imports.

Question

Quizplus · Accepted Answer

A sizable appreciation of the U.S. dollar in the mid-1980s reduced U.S. exports and raised imports. When the U.S. dollar is strong, foreign goods become cheaper and more attractive to American consumers, leading to an increase in imports. On the other hand, U.S. exports become more expensive for foreign consumers, leading to a decrease in exports.

A Sizable Appreciation of the U