If the Goods' Money Prices Do Not Change,a Depreciation of the Dollar

question 71

Multiple Choice

If the goods' money prices do not change,a depreciation of the dollar against the pound

• A)makes British sweaters cheaper in terms of American jeans.
• B)makes British sweaters more expensive in terms of American jeans.
• C)makes American jeans more expensive in terms of British sweaters.
• D)doesn't change the relative price of sweaters and jeans.
• E)makes British jeans more expensive in Britain.

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Definitions:

Partnership's Liabilities

Debts or financial obligations that a partnership is responsible for, which can affect partners' individual tax situations.

Liability Increase

A financial situation where the obligations or debts of a person or company grow.

Personal-Use Asset

An asset primarily used for the personal enjoyment or needs of an individual or family, as opposed to business or investment use.

FMV

Fair Market Value (FMV) is the price that property would sell for on the open market, between a willing buyer and seller, with neither being under any pressure to buy or sell.