An increase in the value of the U.S.dollar internationally,ceteris paribus,would result in
A)Higher revenues for U.S.farmers.
B)An increase in the dollar value of U.S.farmland.
C)Lower revenues for U.S.farmers.
D)An increase in the domestic prices of U.S.farm products.

Question

Quizplus · Accepted Answer

An increase in the value of the U.S. dollar internationally would make U.S. goods more expensive for foreign buyers, reducing the demand for U.S. agricultural products and lowering revenues for U.S. farmers.

An Increase in the Value of the U