In 2008, the exchange rate between euros and US dollars was 1 euro for $1.55. In 2019, the rate was 1 euro for $1.12.
Based on this information, which conclusion can be drawn about the value of the euro in international trade?
A.
In 2019, the United States had to lower its prices on goods sold to European nations.
B.
In 2019, European nations could purchase fewer US goods than they could for the same price in 2008.
C.
In 2019, European nations could purchase more US goods than they could for the same price in 2008.
D.
In 2019, the United States had to raise its prices on goods sold to European nations.
Answers: 3
History, 21.06.2019 18:30
How was louis and clark expedition event unfolding and what was going on
Answers: 1
History, 22.06.2019 02:30
Which of the following was probably the most difficult challenge facing construction of the railroad?
Answers: 1
History, 22.06.2019 05:00
What was a major failing of the united states government under the articles of confederation?
Answers: 3
In 2008, the exchange rate between euros and US dollars was 1 euro for $1.55. In 2019, the rate was...
Social Studies, 11.02.2020 20:28
Physics, 11.02.2020 20:28
Business, 11.02.2020 20:28
English, 11.02.2020 20:28
Mathematics, 11.02.2020 20:28
Social Studies, 11.02.2020 20:28
English, 11.02.2020 20:28