If the domestic price (in dollars) is _____ the foreign price (converted to dollars), then the United States will _____ foreigners.

Question

Quizplus · Accepted Answer

If the domestic price is lower than the foreign price (converted to dollars), it means that the domestic currency has a lower value than the foreign currency. This makes goods in the domestic market cheaper for foreign buyers and encourages them to purchase more. As a result, the United States will export more to foreigners.

If the Domestic Price (In Dollars) Is _____ the Foreign