One impact of a rise in the U.S. dollar's value is that
A) imports become cheaper for the U.S. consumer.
B) exports will increase sharply.
C) U.S. goods will become cheaper overseas.
D) U.S. goods are cheaper domestically.

Question

Quizplus · Accepted Answer

When the U.S. dollar's value rises, it means that each dollar can buy more foreign currency than before. This makes imported goods and services cheaper for U.S. consumers, as they need to spend less in dollars to purchase these items. Conversely, U.S. goods become more expensive for foreign buyers, potentially reducing exports.

One Impact of a Rise in the U