The Decline in the Value of the Dollar in the First

question 260

Multiple Choice

The decline in the value of the dollar in the first half of 2017 resulted in ________ dollar prices for goods imported into the United States and ________ prices in foreign currencies for U.S.goods exported to other countries.

• A)higher; higher
• B)higher; lower
• C)lower; higher
• D)lower; lower

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Definitions:

Brands

Trademarks or distinctive names identifying a product, service, or organization, often associated with certain qualities or perceptions in the consumer’s mind.

Optimism

The inclination to maintain a hopeful and positive outlook on the future or the outcome of specific situations.

Branding

The process of creating a unique image, identity, and position for a product, service, or organization in the consumer's mind through marketing strategies.

Profits

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.