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.
ANSWER
B
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