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aalyn [17]
3 years ago
10

Louis owns an import business. After traveling to France on numerous occasions, he developed a taste for fine French wines. A ra

dio report that he heard this morning indicated that the dollar has fallen sharply against the euro. Based on this information, Louis expects that: A. American goods will become more expensive in France. B. French wines will become more expensive in the United States. C. French wines will become less expensive in the United States. D. the French government will place an embargo on American exports.
Business
1 answer:
Tamiku [17]3 years ago
3 0

Answer:

B. French wines will become more expensive in the United States.

Explanation:

Exchange rate is the rate at which one currency can be exchanged for another during international trade. The strength of a currency determines how much of the other countrie's goods it can purchase.

When the strength of a countrie's currency is high it will purchase more of the other countrie's goods. If however the currency is weak, it will take more to buy the other countrie's goods.

In this case if the dollar falls against the euro, it will take more dollars to buy French wine than before.

For example if a bottle of French wine was $500, after the fall the price may now be $800.

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Callaway golf company conducted a one-time survey of golfers and asked them about their attitudes, preferences, and intentions regarding buying custom clubs. this is an example of a(n) "cross-sectional study".

<h3>What is cross-sectional study?</h3>

A cross-sectional study examines data from a group of people at one point in time. Participants throughout this type of research are chosen based on certain variables of interest.

Some key features of cross-sectional study are-

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The best answer for this question would be:

d. The 5 string bass guitar

 

This innovation is not a dominant design because it has already been done, and that the attempt of this 5-string would result in a musical failure.

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In the traditional stage, most of the occupation of the population is always agriculture, the people are over reliant on the finished goods of other countries because of their lower wealth and most of the population is living in the rural areas, which is the case here. As it seems that the country is struggling to achieve a take-off stage because it is trying to attract foreign investment (An American company has invested in Oil reserves extraction), so we can say that it is still in the traditional stage because it hasn't increased its home demand for technology, infrastructure development, production increases, greater trade with other countries, etc which are the characteristics of the take-off stage.

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3 years ago
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