Suppose That the Exchange Rate Between British Pounds and U

question 66

Multiple Choice

Suppose that the exchange rate between British pounds and U.S. dollars is originally $2.50 per pound. If it then changes to $3 for 1 pound, exports of U.S. goods to Britain will tend to:

• A)​rise.
• B)​fall.
• C)​stay the same.
• D)​change in an indeterminate direction.

---

Definitions:

Development

The process of economic, social, and cultural transformation that improves the well-being and living standards of a society or region.

U.S.-Canada Border

This is the international boundary between the United States and Canada, extending 8,891 kilometers, making it the longest binational land border in the world.

Age Structure

The distribution of individuals among various age groups in a population, often depicted as a population pyramid, influencing growth and social dynamics.

Prereproductive Population

Individuals within a population who have not yet reached the age where they can reproduce.