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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?

a) Norman will pay more for the cows from local ranchers.
b) Norman will pay less for the cows from local ranchers.
c) Norman's sales to the Mexican company will increase.
d) Norman's sales to the Mexican company will decrease.

Respuesta :

asmachaudhary

Answer:

D

Explanation:

Took test

jayilych4real

Based on the given scenario, the event which is likely to happen is:

  • D. Norman's sales to the Mexican company will decrease.

According to the given question, we are asked to state the event which is likely to happen based on the given scenario of the increase in value of the dollar to the local Mexican peso.

As a result of this, we can see that because Norman does business with local ranchers and then sells the produce to a company in Mexico and if the value of the dollar has increased to the Mexican peso, then his sales to the Mexican company would likely reduce because the cost is now more expensive for the Mexicans.

Therefore, the correct answer is option D

Read more about dairy farm here:

https://brainly.com/question/24335551

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