Question

If the U.S. dollar appreciates relative to the currencies of the rest of the world, which of the following is correct?(1 point)
Responses

U.S. producers benefit from the the relative decrease in the price of foreign goods, but U.S. consumers are worse off.
U.S. producers benefit from the the relative decrease in the price of foreign goods, but U.S. consumers are worse off.

U.S. producers benefit from the the relative increase in the price of foreign goods, but U.S. consumers are worse off.
U.S. producers benefit from the the relative increase in the price of foreign goods, but U.S. consumers are worse off.

U.S. consumers benefit from the relative increase in the price of foreign goods and services, but U.S. producers are worse off.
U.S. consumers benefit from the relative increase in the price of foreign goods and services, but U.S. producers are worse off.

U.S. consumers benefit from the relative decrease in the price of foreign goods and services, but U.S. producers are worse off.

Answer 1

U.S. consumers benefit from the relative decrease in the price of foreign goods and services, but U.S. producers are worse off.