From 1980 to 1985 the Dollar Appreciated Relative to the British

question 52

Multiple Choice

From 1980 to 1985 the dollar appreciated relative to the British pound. Holding everything else constant,one would expect that,when compared to 1980

• A)fewer Britons traveled to the United States in 1985.
• B)Britons imported more wine from California in 1985.
• C)Americans exported more wheat to England in 1985.
• D)more Britons traveled to the United States in 1985.

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Definitions:

Resellers

Businesses that purchase products from manufacturers or wholesalers and then sell them to consumers or other businesses.

Reseller

Marketing intermediary that resells manufactured products without significantly altering their form.

Buying Center

The group of people typically responsible for the buying decisions in large organizations.

New Buy

In a B2B setting, a purchase of a good or service for the first time; the buying decision is likely to be quite involved because the buyer or the buying organization does not have any experience with the item.