If, in 2011, $1 = 1.5 euros, and in 2016, $1 = 0.9 euros, which of the following statements would be TRUE?
A) More American tourists will find it cheaper to travel to Europe.
B) More Europeans will stay home as visits to the United States become more expensive.
C) Europeans will import fewer products from the United States.
D) Americans will import fewer products from Europe.
Correct Answer:
Verified
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