As the Value of a Country's Currency Rises

question 129

Short Answer

As the value of a country's currency rises
domestic companies will have a harder time selling their products in foreign markets.
foreign companies will find it harder to sell their products in local markets.
imports and exports will remain relatively constant.
domestic companies will shift from the production of consumer goods to the production of industrial goods.
all of these will happen.

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Definitions:

Chinese-American

Pertains to individuals in the United States who are of Chinese descent, involving their culture, heritage, and community.

Cuban-American

A person of Cuban descent who is a citizen or resident of the United States.

Rite Of Passage

A ceremony or event marking an important stage in someone's life, especially birth, puberty, marriage, and death.

Van Gennep

Arnold van Gennep was a French ethnographer and folklorist best known for his work on rites of passage and the structure of rituals.