Which of the following groups is likely to be hurt economically if the value of the U.S. dollar rises relative to the euro?
A) American firms with euro-dominated loans
B) American farmers exporting goods to Europe
C) European firms exporting goods to the United States
D) American tourists visiting Europe

Question

Quizplus · Accepted Answer

If the value of the U.S. dollar rises relative to the euro, it becomes more expensive for European countries to purchase goods from the U.S., including agricultural products from American farmers. This can lead to a decrease in demand and sales for American farmers, hurting them economically. The other options are not as directly affected by changes in currency exchange rates.

Which of the Following Groups Is Likely to Be Hurt