Buy custom The Us Economy And The Euro-Dollar Parity.
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1571 |
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With soaring oil prices, this not only imported goods prices that increase but also US made goods. Indeed, soaring oil prices mean higher gas prices but also higher jet fuel prices, which made jet fuel the most important cost for airline industry. Therefore, with triple digits oil prices, operating costs have rocketed and so does the ticket...
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Therefore, with triple digits oil prices, operating costs have rocketed and so does the ticket. As a consequence, people can no longer afford to travel as much as before, by plane or by car.
Moreover, for those who are still able to travel abroad, a weak dollar implies higher cost to travel. Indeed, with a decrease in the value of the Dollar, US citizen have lost purchasing power when they travel abroad, especially in Europe where the Euro is quite strong at the moment...
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General points of the essay
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