In a Graph Showing the Market Supply and Demand for British

question 81

Multiple Choice

In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the supply-of-pounds curve is upsloping because

• A) fewer British pounds can be purchased per dollar if U.S. dollars become more expensive.
• B) fewer U.S. dollars can be purchased per pound if the British pounds become less expensive.
• C) the British will purchase more U.S. goods or services when the dollar price of pounds rises.
• D) the British will purchase more U.S. goods or services when the dollar price of pounds falls.

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Definitions:

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A period in the United States from the 1890s to the 1920s characterized by social activism and political reform aimed at addressing issues stemming from industrialization and urbanization.

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