If the Exchange Rate Rises from

Multiple Choice

If the exchange rate rises from .65 British pounds per dollar to .70 pounds per dollar,then compared to British goods,U.S.goods become

A) relatively more expensive for both British and U.S.residents.
B) relatively more expensive for British residents and relatively less expensive for U.S.residents.
C) relatively less expensive for British residents and relatively more expensive for U.S.residents.
D) relatively less expensive for both British and U.S.residents.