Multiple Choice
Suppose, due to political instability, Russians suddenly choose to purchase UK assets as opposed to Russian assets. Which of the following statements is true regarding the value of the pound and UK net exports? The pound:
A) Appreciates, and UK net exports rise.
B) Appreciates, and UK net exports fall.
C) Depreciates, and UK net exports rise.
D) Depreciates, and UK net exports fall.
Correct Answer:
Verified
Correct Answer:
Verified
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