Prolonged periods of relatively high dollar values in world currency markets would be a disadvantage to U.S.exporters and an advantage to their foreign competitors.

Question

Quizplus · Accepted Answer

When the dollar is strong compared to other currencies, it makes U.S. exports more expensive and less competitive. On the other hand, foreign competitors may find it easier to sell their goods in the global market at a lower price.

Prolonged Periods of Relatively High Dollar Values in World Currency