The rise in the value of the dollar between 1985 and 1988
A) gave U.S. goods a competitive advantage over others.
B) made imports relatively cheap.
C) gave U.S. goods a comparative advantage over others.
D) made imports expensive.

Question

Quizplus · Accepted Answer

A rise in the dollar will make U.S. goods less competitive. The rise in the dollar priced U.S. goods out of foreign markets and made imports relatively cheap.

The Rise in the Value of the Dollar Between 1985