If the dollar per pound exchange rate falls from $1.50 per pound to $1.25 per pound,______.
A) U.S.imports of British goods will increase
B) U.S.exports of goods to Great Britain will increase
C) U.S.exports of services to Great Britain will fall because the price of the pound has increased
D) British demand for American goods will remain unchanged,but American demand for British goods will fall
E) U.S.demand for British goods will remain unchanged,but British demand for American goods will increase
Correct Answer:
Verified
Q41: The demand for U.S.dollars by foreign nations
Q42: When supply and demand analysis is used
Q43: The exchange rate is:
A)the price of foreign
Q44: If the exchange rate changes from 20
Q45: If the exchange rate changes from 1
Q47: The demand curve for euros shows:
A)a direct
Q48: A drop in the dollar price of
Q49: As the price of foreign exchange decreases
Q50: If the U.S.dollar depreciates in the foreign
Q51: If the U.S.dollar appreciates in the foreign
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