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Group of answer choices.
A. German tourists traveling abroad.
B. American tourists traveling in France.
C. Canadian firms selling in Germany.
D. Canadian investors with money investments in Germany.
Answer:
B. American tourists traveling in France.
Explanation:
A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country.
For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.
In this context, a stronger euro is less favorable for American tourists traveling in France because the currency of the Americans, which is the U.S dollars would exchange at a far lesser rate to the euros.
However, a stronger euro would be more favorable for German tourists that are traveling abroad, Canadian firms that trade or sells its products in Germany, and Canadian investors who are having money investments in Germany.
Note: Euro is the official currency (legal tender or money) of Germany.
The correct option is (b) Protective tariffs
Protective tariffs aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.
<h3 /><h3>What is protective tarrifs?</h3>
- An illustration of a protective tariff would be the US raising the customs charge on clothing imported from Britain so that it is significantly more expensive than clothing made domestically.
- The importing countries profit the most from tariffs since they design the policy and receive the cash.
- The main advantage of tariffs is that they generate income from imported products and services. Tariffs may also serve as a springboard for negotiations between two countries.
- Protective tariffs are designed to shield vital American industries from international competition, stop foreign manufacturers from dumping inexpensive goods in the US, or both.
Learn more about the Tarrifs with the help of the given link:
brainly.com/question/11672570
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I understand that the question you are looking for is "Which of these actions was an economic cause of increased tensions between the North and South?
(a) Dred Scott decision
(b) Protective tariffs
(c) Bleeding Kansas
(d) Lincoln’s election"
Answer and Explanation:
The answer is attached below
