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

question 80

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 decreases.

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

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Definitions:

Controllable Margin

A financial metric that represents the amount of profit or contribution margin that management can directly influence through its decisions.

Operating Assets

Assets that a business uses for its day-to-day operational activities to generate revenue, excluding investment and non-operational assets.

Return on Investment

A financial ratio that calculates the profitability of an investment by dividing the net profit by the initial cost of the investment.

Controllable Margin

The portion of profit or income that a manager can directly influence by controlling costs or increasing sales.