Suppose the British Pound Declines in Value Against Other Major

question 27

Multiple Choice

Suppose the British pound declines in value against other major currencies.Which of the following would happen to the trade deficit, all things constant?  

• A) Britain's trade deficit would increase. 
• B) Britain's trade deficit would be unaffected. 
• C) Britain's trade deficit would decrease. 
• D) British trade deficit would become zero.

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