The higher the exchange rate, the a. the lower the dollar cost of imp
The higher the exchange rate, the
a. the lower the dollar cost of imported goods and the higher the demand for foreign exchange.
b. higher the dollar cost of imported goods and the lower the demand for foreign exchange.
c. higher both the dollar cost of imported goods and the demand for foreign exchange.
d. the lower both the dollar cost of imported goods and the demand for foreign exchange.
ANSWER
B
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