The Supply Curve of British Pounds Slopes Upward Because as the Dollar

question 156

Multiple Choice

The supply curve of British pounds slopes upward because as the dollar _____ American goods become ______ for the British.Therefore, the British purchase ______ American goods, and the quantity of pounds supplied increases.

• A) depreciates against the pound; less expensive; more
• B) depreciates against the pound; more expensive; less
• C) appreciates against the pound; more expensive; more
• D) appreciates against the pound; less expensive; less

---

Definitions:

Book Value

The net value of a company's assets found on its balance sheet, and is calculated by subtracting liabilities from the total assets.

Machinery

Equipment, especially those powered by fuel or electricity, used in the industrial production or manufacturing process.

Accumulated Depreciation

The overall depreciation cost that has been allocated to a fixed asset over the span of its useful life.

Patent Rights

Legal protections granted to inventors, giving them exclusive rights to produce, use, and sell their inventions for a limited period.