Early in 2008, as the worldwide recession intensified in Europe, it seemed possible that the U.S. might be able to avoid the recession because
A)U)S. interest rates remained the highest in the world.
B)the U.S. dollar was very weak relative to the euro.
C)U)S. exports were falling at a rapid pace.
D)the U.S. federal government balanced its budget.

Question

Quizplus · Accepted Answer

The U.S. dollar being very weak relative to the euro could potentially help the U.S. avoid a recession by making U.S. exports cheaper and more competitive abroad, thus potentially boosting the U.S. economy.

Early in 2008, as the Worldwide Recession Intensified in Europe