On December 29th, the cost of a skiing trip to Finse, Norway, was 6,500 krone. Two weeks later, the American dollar appreciated against the Norwegian krone. If the price of the trip in Norway remains the same, _____.
A) an American skier living in Florida will now view this trip as cheaper compared to before
B) an American skier living in Florida will now view this trip as highly expensive compared to before
C) an American skier living in Florida will now view this trip as of the same value as before
D) an American skier living in Florida will now value this trip less as compared to before
E) an American skier living in Florida will no longer take this trip

Question

Quizplus · Accepted Answer

If the American dollar appreciated against the Norwegian krone, then it would take fewer dollars to purchase the same amount of krone. Therefore, an American skier living in Florida would view the skiing trip in Finse, Norway as cheaper compared to before.

On December 29th, the Cost of a Skiing Trip to Finse