When the Value of the Euro Changes from $1

question 186

Multiple Choice

When the value of the euro changes from $1.30 to $1.20, it follows that:

• A) European Union imports from the United States increase.
• B) U.S. exports to the European Union increase.
• C) U.S. imports from the European Union increase.
• D) European Union exports to the United States decrease.

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Definitions:

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