In 2004, retailers and exporters in the United States were happy, as were their customers from abroad, due to:
a. a reduction in import tariffs by the EU.
b. the lifting of an embargo on U.S. exports to Germany.
c. the high value of the U.S. dollar compared to other currencies.
d. the low value of the U.S. dollar compared to other currencies.
Ans: d. the low value of the U.S. dollar compared to other currencies.
Economics
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