As the Number of British Pounds That Exchange for a Dollar

question 16

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.
• E)none of the above will be true.

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