As the Number of British Pounds That Exchange for a Dollar

question 132

Multiple Choice

As the number of British pounds that exchange for a dollar rises on foreign currency markets:

• A)​the British will have an incentive to import fewer U.S.goods.
• B)​the British will find it easier to export goods to the United States.
• C)​the British will find U.S.goods to be more expensive in their stores.
• D)​all of the above will be true.

---

Definitions:

Eclecticism

The practice of integrating techniques, methods, and perspectives from various theoretical frameworks and disciplines.

Borrowing

The act of adopting ideas, practices, or elements from one discipline or methodology into another.

Theory

A system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained.

Post-modernism

An intellectual stance or mode of discourse defined by skepticism toward narratives of historical progress and grand theories.