In 2016 the value of the U.S.dollar increased relative to the currencies of most of its major trading partners.This rise in the price of the dollar against the other currencies was ________ for companies that exported to the United States and ________ for U.S.companies that exported to other countries.
A)good; good
B)bad; good
C)good; bad
D)bad; bad

Question

Quizplus · Accepted Answer

The rise in the value of the U.S. Dollar makes imported goods cheaper for U.S. companies and consumers, which is good for U.S. companies exporting to the United States. However, this makes U.S. exports more expensive in foreign markets, which is bad for U.S companies exporting to other countries. Therefore, the correct answer is C: good for companies that exported to the United States and bad for U.S. companies that exported to other countries.

In 2016 the Value of the U