As the global economy shifts from high-carbon to green, governments are looking for a just transition that leaves no one behind. Because oil prices are denominated in terms of U.S. dollars in international commodities markets, fluctuating carbon-based energy prices impact some countries more than others. If the dollar falls in value against the European euro, what is the resulting relative cost of gasoline for U.S. buyers?

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To calculate the resulting relative cost of gasoline for US buyers when the dollar fa... View the full answer