In 2016 the value of the U.S. dollar increased relative to the currencies of most of its major trading partners. This rise in the price of the dollar against the other currencies was ________ for companies that exported to the United States and ________ for U.S. companies that exported to other countries.
A. bad; bad
B. good; bad
C. good; good
D. bad; good
Answer
Option B
B. good; bad
The increase in the price of dollar increases the purchasing power of US consumer from abroad or the increases the imports which are traded by companies that exported to the United States, so it is good for them.
The purchasing power of consumer aboard decreases as the consumer can purchase less good now, so it is bad for U.S. companies that exported to other countries.
In 2016 the value of the U.S. dollar increased relative to the currencies of most of...