Multiple Choice
You are staying in London over the summer and you have a number of dollars with you.If the dollar appreciated relative to the British pound then,other things the same,
A) the dollar would buy more pounds.The appreciation would discourage you from buying as many British goods and services.
B) the dollar would buy more pounds.The appreciation would encourage you to buy more British goods and services.
C) the dollar would buy fewer pounds.The appreciation would discourage you from buying as many British goods and services.
D) the dollar would buy fewer pounds.The appreciation would encourage you to buy more British goods and services.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: From 1970 to 1998 the U.S.dollar<br>A)gained value
Q68: A Mexican flour mill buys wheat from
Q72: Mike,a U.S.citizen,buys $1,000 worth of cheese from
Q73: Suppose that the exchange rate is 66
Q75: If people in the United States buy
Q75: According to purchasing-power parity theory, the real
Q78: In late 2000,you could purchase about 400
Q79: A U.S.firm buys apples from New Zealand
Q81: Assuming all other things equal, what would
Q172: Why are net exports and net capital