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Unformatted text preview: themselves from foreign currency fluctuations. Agriculture generally benefits from a “weak” U.S. dollar. When the dollar is “weak”, American commodities are cheaper for foreign countries to purchase. Corn, wheat, and soybean exports generally increase as the dollar weakens. These exports remove a portion of the crop from U.S. markets which generally results in an increase in the price that a farmer receives for his crop sold in the U.S. But remember, a “weak” dollar makes imports from other countries more expensive to consumers and can help fuel inflation. Why understand economics? 2...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10