If the Exchange Rate Has Been $1

If the exchange rate has been $1.50 per British pound but now falls to $1.25 per British pound, there will be

A) more U.S.imports from Great Britain because the price of pounds has fallen
B) more exports to Great Britain because the price of pounds has risen
C) fewer exports to Great Britain because the price of the pound has risen
D) more U.S.exports to Great Britain since the price of the dollar has fallen
E) no change in either exports or imports

Correct Answer:

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