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An example of an economic variable is​ "value of the ​dollar"long dash which is currently highlong...

An example of an economic variable is​ "value of the

​dollar"long dash

which

is currently

highlong dash

compared

with the​ Yen, Euro, and the Australian dollar. The high dollar results in what economic​ factor(s)?

A. The high dollar has no direct effect on the U.S. trade deficit.

B. The high dollar makes U.S. goods more expensive in overseas markets.

C. The high value of the dollar spurs small business growth and reshoring.

D. The high dollar makes travel to the United States cheaper for foreigners.

E. The high dollar makes traveling abroad expensive for Americans.

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Answer #1

B. The high dollar makes U.S. goods more expensive in overseas markets is the economic factor which is likely in such a case. The other likely results in economic factors are The high dollar makes it expensive for foreigners to travel to the United States, The high dollar worsens the U.S. trade deficit., and The high dollar makes it cheap for Americans to travel abroad.

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