Asked by Christelle Khoury on May 26, 2024
Verified
A weak euro is a disadvantage to European exporters.
Weak Euro
A situation where the European Union's currency, the euro, has lower value compared to other major currencies, affecting international trade and economic policies.
European Exporters
Businesses or entities based in Europe that sell goods or services to customers in other countries.
- Analyze the effects of exchange rates and currency strength on export strategies.
Verified Answer
JI
Jayden IrvinJun 01, 2024
Final Answer :
False
Explanation :
A weak euro can actually benefit European exporters by making their goods cheaper and more competitive in international markets.
Learning Objectives
- Analyze the effects of exchange rates and currency strength on export strategies.
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