Answer to Question #150308 in Macroeconomics for Kane

Question #150308

If the exchange rate of $/pound increases, United States imports from and exports to the United Kingdom will change in which of the following ways?
Imports will increase, exports will decrease
Imports will increase, exports will increase
Imports will increase, exports won’t change
Imports will decrease, exports will increase

Expert's answer

Imports will increase, exports will decrease

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