1

If the value of the pound in terms of other currencies rises:

Correct Answer: The spending on UK exports in foreign currency will fall if demand for UK exports 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: If the value of the pound in terms of other currencies rises: | Extra Education