Social Studies, 26.03.2021 18:10, lea5261

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?
Norman will pay more for the cows from local ranchers.
Norman will pay less for the cows from local ranchers.
Norman's sales to the Mexican company will increase.
Norman's sales to the Mexican company will decrease.

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Norman owns a small dairy farm in the United States. He buys cows from local ranchers and produces m...