Which of the following businesses would prefer a weak U.S. dollar to a strong one?
A. A Saudi Arabian company that exports oil to the United States
B. An American company that imports clothing from Italy
C. A Turkish company that imports microchips from the United States
D. A Canadian company that exports lumber to the United States
I think the answer is D.
3 answers
A weak dollar makes imported goods more expensive in the U.S., so either A or D would be correct. What does your text say?
It didn't say anything about this topic.
Read this to better understand this topic:
http://www.infoplease.com/cig/economics/dollar-us-economy.html
http://www.infoplease.com/cig/economics/dollar-us-economy.html