If the exchange rate between the U.S. dollar and the European euro went from $1.20 US = 1 euro to $1.10 US = 1 euro, then
A) European goods have become less expensive for Americans.
B) American goods have become less expensive for Europeans.
C) American exports to Europe are likely to increase.
D) American imports from Europe are likely to decrease.
Correct Answer:
Verified
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