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7. (16 points) In recent months the U.S. dollar has appreciated compared to all major foreign currencies. a) Carefully explain how the appreciation the U.S.
7. (16 points) In recent months the U.S. dollar has appreciated compared to all major foreign currencies. a) Carefully explain how the appreciation the U.S. dollar affects the competitive position of a California wine producer that sells a lot of wine to other countries, using 3 or more content rich sentences. b) Carefully explain how the appreciation the U.S. dollar affects the competitive position of a chain of U.S. Dollar Stores which import most of the products they sell in their stores from other countries, using 3 or more content rich sentences
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