Homework Answers
Importers have to pay in foreign currency i.e. they convert USD into foreign currency
Exporters receive in foreign currency and convert foreign currency into USD
Hence, a stronger USD is good for importers, but nor good for US Exporters as they will receive less USD
Variable costs will decrease
As Lower KRW will be required to pay for cheesecakes in USD
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Question Completion Status: A stronger U.S. dollar: is good for U.S. Importers, bx not good for...
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