Every winter,resort managers in Myrtle Beach,South Carolina check the exchange rate between the U.S.dollar and the Canadian dollar.In recent years,the exchange has changed from approximately $0.65 Canadian dollars per U.S.dollar,to approximately equal value of both currencies (i.e.,$1 Canadian equals $1 US).These resort managers should expect:
A)more South Carolinians visiting Canada.
B)more Canadian visitors.
C)more South Carolina visitors.
D)more visitors from elsewhere in the US.
E)no change in the profile of their visitors.

Question

Quizplus · Accepted Answer

With the exchange rate favoring Canadian visitors, resort managers should expect more Canadian visitors to Myrtle Beach, South Carolina. Canadians will find it more affordable to travel to the United States and spend money at the resort, leading to an increase in tourism from Canada.

Every Winter,resort Managers in Myrtle Beach,South Carolina Check the Exchange