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1) For several months prior to your vacation trip to Naples, Italy, you note that the exchange rate for the dollar has been increasing relative to the euro (that is, it takes more euro to buy a dollar). Are you pleased or sad? Explain. 2) Who might respond in a way different from your own to the falling value of the euro in the last question?

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1) For several months prior to your vacation trip to Naples, Italy, you note that the exchange rate for the dollar

has been increasing relative to the euro (that is, it takes more euro to buy a dollar). Are you pleased or sad? Explain.

2) Who might respond in a way different from your own to the falling value of the euro in the last question?

 
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