When the value of the euro drops against the U.S.dollar,
A)European products become cheaper in the U.S.market.
B)European products become more expensive to sell in the U.S.market.
C)there are no changes in the prices.
D)European product quality decreases.

Question

Quizplus · Accepted Answer

When the value of the euro drops against the U.S. dollar, it means that it takes fewer dollars to buy one euro. This makes European products cheaper in the U.S. market, as the cost of producing them in euros remains the same, but their price in dollars decreases.

When the Value of the Euro Drops Against the U