As a result of the change in the value of the dollar

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In January 2001, $1 was equal to 1.06 euro. By January 2012, $1 was worth 0.76 euro. As a result of the change in the value of the dollar:

a. The prices of imports from Europe increased and the prices of U.S. exports to European consumers increased.

b. The prices of imports from Europe increased and the prices of U.S. exports to European consumers decreased.

c. The prices of imports from Europe decreased and the prices of U.S. exports to European consumers decreased.

d. The prices of imports from Europe decreased and the prices of U.S. exports to European consumers increased.

Reference no: EM13859963

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