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A Weak Dollar by The Columbus Dispatch, September 7, 1999 If the price of buying a car starts rising in the United States, consumers may
A Weak Dollar by The Columbus Dispatch, September 7, 1999 If the price of buying a car starts rising in the United States, consumers may need to look no further than the dollar's recent slide against major foreign currencies. On the other hand, economically depressed Midwestern farmers may find it easier to sell surplus grain overseas if a weak dollar makes it cheaper for foreigners to buy U.S. goods. The dollar spent much of last week on the skids, flirting with its lowest level of the year against the Japanese yen...It also has lost ground to the Euro. If the price of buying a foreign car in the U.S. rises as the passage suggests, which of these might balance the trade deficit? Question 6 options: The price of domestic cars becomes more attractive to buyers. Severe unemployment in the domestic car industry forces layoffs. The high value of the yen encourages U.S. investment in Japan. The price of foreign cars becomes more attractive to buyers
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