Question

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

Answer 1

@Tennis5518

Answer 2

Ok so do you have any clue?

Answer 3

b

Answer 4

Wait can you write it in A. B. or C.

Answer 5

it confusing @serena209

Answer 6

ik

Answer 7

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.

Answer 8

A.

Answer 9

Medal? Fan? Testinomal? Is the answer right?

Answer 10

r u sure

Answer 11

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