When the Value of the Dollar Changes from £0

question 71

Multiple Choice

When the value of the dollar changes from £0.5 to £0.75, then the British pound has ________ and the Canadian dollar has ________.

• A) appreciated; appreciated
• B) depreciated; appreciated
• C) appreciated; depreciated
• D) depreciated; depreciated

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Definitions:

Dependent Variable

In an experiment or study, it is the variable that is tested and measured, and it is expected to change as a result of changes in the independent variable.

Straight Line

In the context of graphs, a linear representation that exhibits a constant rate of change between two variables.

Horizontal Change

A term that does not have a standard definition in economics; it might be a misinterpretation or miscommunication of a concept. NO.

Vertical Change

A movement along the y-axis in a graph, which in economic terms can represent changes in price or quantity depending on the context.