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Suppose That the Average Price of Goods Imported from Great

question 20

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Suppose that the average price of goods imported from Great Britain increased. Is it likely that the value of the Australian dollar would appreciate or depreciate versus the British pound, ceteris paribus? Is it likely that the average price in British pounds of goods exported from Australia to Great Britain would rise or fall?
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Definitions:

Jejunum

The middle section of the small intestine in humans and most higher vertebrates, between the duodenum and the ileum.

Duodenum

The first part of the small intestine immediately beyond the stomach, used for the initial processing of nutrients.

Cecum

The first part of the large intestine, into which the ileum opens.

Detoxifies

The process by which toxic substances are removed from a living organism, including the neutralization or elimination of harmful substances from the body.

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