Suppose That U.S.incomes Rise Relative to British Incomes.Then

question 130

Multiple Choice

Suppose that U.S.incomes rise relative to British incomes.Then,

• A)the dollar will appreciate and the pound will depreciate
• B)the dollar will depreciate and the pound will appreciate
• C)the dollar will depreciate and the pound's value will remain constant
• D)the dollar will appreciate and the pound's value will remain constant
• E)neither the dollar nor the pound will be affected

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Definitions:

Expressly Inserted

Included specifically and clearly in a contract or document.

Implied

Understood or inferred without being stated directly.

Liquidated Damages

Liquidated damages are predetermined damages agreed upon by parties in a contract, to be paid if one party breaches the agreement.

Free-Will

The concept that humans have the ability to make choices that are not predetermined by past events or divine intervention.