If the USDollar Depreciates, It Becomes Cheaper for U

question 209

True/False

If the U.S.dollar depreciates, it becomes cheaper for U.S.residents to travel in foreign countries.

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Definitions:

North American Free Trade Agreement

A trade agreement among the United States, Canada, and Mexico to reduce trade barriers and increase economic activity among them.

Trade

The exchange of goods or services between parties.

Free Trade Policy

A governmental policy aimed at eliminating barriers to trade between countries, such as tariffs and import quotas.

International Trade

The exchange of goods and services across international borders or territories, which allows countries to expand their markets for both goods and services that otherwise may not have been available domestically.