Author Question: If the goods' money prices do not change, a depreciation of the dollar against the pound A) makes ... (Read 235 times)

jazziefee · **on:** Jun 30, 2018

If the goods' money prices do not change, a depreciation of the dollar against the pound

A) makes British sweaters cheaper in terms of American jeans.
B) makes British sweaters more expensive in terms of American jeans.
C) makes American jeans more expensive in terms of British sweaters.
D) doesn't change the relative price of sweaters and jeans.
E) makes British jeans more expensive in Britain.

Question 2

Import substitution industrialization in Latin America

A) relied on increased exports.
B) provided subsidies for exports.
C) shifted the bulk of exports away from primary commodities.
D) created disincentives to export.
E) Answers A and C are correct.