Please help, these are for my friend across the world who does FLVS. I need to know the answers for FLVS.
A. Elaine owns a small grocery store in the United States. In the store, she sells specialty foods from Europe. Elaine hears a news report saying that the value of the dollar has fallen compared to the euro.
Based on the scenario, which statement is true?
1. The goods to supply Elaine's store will cost her less.
2. The goods to supply Elaine's store will cost her more.
3.Elaine will pay more for the goods that she exports.
4.Elaine will pay less for the goods that she exports.
B. Norman owns a small dairy farm in the United States. He buys cows from local ranchers and produces milk and cheese for local stores. He also sells cheese to a company in Mexico. Norman hears a news report saying that the value of the dollar has risen compared to the Mexican peso.
Based on the scenario, which event is likely to happen?
1. Norman will pay more for the cows from local ranchers.
2. Norman will pay less for the cows from local ranchers.
3. Norman's sales to the Mexican company will increase.
4. Norman's sales to the Mexican company will decrease.
Please have them right for FLVS ty
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