Author Question: If one U.S. dollar equaled one euro last year, and then the exchange rate shifted so that today one ... (Read 64 times)

faduma · **on:** Jul 7, 2018

If one U.S. dollar equaled one euro last year, and then the exchange rate shifted so that today one dollar equals two euros, which of the following will most likely occur?

A) Europeans will purchase more U.S. products.
B) Americans will have a lower standard of living.
C) Americans will cancel vacations to Europe.
D) Europeans will purchase fewer U.S. products.

Question 2

Which of the following is true of the value densities of products?

A) The cost of transporting goods with high value-density ratios is high relative to their value.
B) Products with high value-density ratios are integrated into the manufacturing process at points close to their original locations.
C) Most commodities, including cement, iron ore, and crude oil, have high value-density ratios.
D) The lower a product's value density, the more localized the distribution system.

amanda_14 · **Reply #1 on:** Jul 7, 2018

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