If the exchange rate between the UK and Japan changes from £1 = 100 y – McqOptions

MCQOPTIONS

1.	If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?
A.	will remain the same
B.	will decrease
C.	will increase
D.	could either increase of decrease
Answer» D. could either increase of decrease

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