Multiple Choice
On December 29, the cost of a skiing trip to Finse, Norway, was 6, 500 krone.Two weeks later, the American dollar appreciated against the Norwegian krone.If the price of the trip in Norway remains the same:
A) an American skier living in Florida will now view this trip as cheaper.
B) an American skier living in Florida will now view this trip as highly expensive.
C) an American skier living in Florida will now view this trip as of the same value as before.
D) an American skier living in Florida will now value this trip less.
E) an American skier living in Florida will no longer take this trip.
Correct Answer:
Verified
Correct Answer:
Verified
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