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4 International trade and the global economy

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Question 69

Overseas buyers increase their orders for UK-made musical instruments. At the same time, UK buyers purchase fewer imported bottles of olive oil. Assume these are the only changes affecting the foreign exchange market for pounds.

Which outcome follows from these changes?

[1]
A

The pound appreciates and the quantity of pounds exchanged rises

B

The pound depreciates and the quantity of pounds exchanged is uncertain

C

The pound depreciates and the quantity of pounds exchanged rises

D

The pound appreciates and the quantity of pounds exchanged is uncertain

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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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