An increase in the value of the U.S.dollar internationally,ceteris paribus,would result in
A)Higher revenues for U.S.farmers.
B)An increase in the dollar value of U.S.farmland.
C)Lower revenues for U.S.farmers.

Question

Quizplus · Accepted Answer

An increase in the value of the U.S. dollar would make U.S. goods more expensive for foreign buyers, resulting in lower demand for U.S. agricultural exports and hence lower revenues for U.S. farmers.

An Increase in the Value of the U