Question

History semester 2 exam
help me please

Answer 1

Terrance exports fine Persian rugs to the United States from Iraq. Iraq’s currency, the dinar, has recently lost value relative to the dollar. Which statement best explains how the change in the value of the dinar would affect Terrance’s business?

The profit on each rug sold would likely decrease because it would cost Terrance more in terms of U.S. dollars to produce each rug.

Sales of the rugs would likely increase because U.S. importers would likely buy more of Terrance's rugs due to the dollar's increased purchasing power.

The profit on each rug sold would increase because Terrance would be able to spend fewer dinar to produce each rug.

Sales of his rugs in the United States would likely decrease. Buyers would be reluctant to buy rugs that were falling in value.

Question 2 (Multiple Choice Worth 3 points)

(Going Global LO 3 MC)

Henry, a United States citizen, is temporarily living in Anchuria—a single-resource economy whose primary export is bananas. What kind of work would he be able to find in America that he would likely be unable to find in Anchuria?

work driving a truck carrying fruit

work at a farm growing bananas

work at a grocery store where bananas were sold

work at a factory producing trucks

Question 3 (Multiple Choice Worth 3 points)

(American Money LO 2 MC)

Marty is a successful entrepreneur who opened a fast food restaurant selling soup and sandwiches. He opened his first shop in Colorado, and soon after expanded to New Mexico, Arizona, and Texas. What might be one reason why Marty’s shops are doing so well as a result of cultural diffusion?

higher per capita incomes in Colorado, New Mexico, Arizona, and Texas than elsewhere

reduced demand for soup and sandwiches in neighboring states

absence of potential customers in other states

positive shared experience spreading among Marty’s customer base

Answer 2

Number one is probably A but I don't know the others

Answer 3

okay, thanks