1

A fall in the value of the pound is likely to decrease spending on imports if:

Correct Answer: The price elasticity of demand for imports is price elastic

Make the most of this question

This page focuses on one International Economics question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

International Economics MCQ: A fall in the value of the pound is likely to decrease spending on imports if: | Extra Education