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The United Kingdom currently has a trade deficit with New Zealand. If the U.K. pound sterling
appreciates relative to the New Zealand dollar, which of the following correctly explains the
effect on the U.K.'s demand for goods from New Zealand? (1 point)
The U.K.'s demand for New Zealand goods will decline.
The U.K.'s demand will remain the same.
The U.K.'s demand for New Zealand goods can't be determined.
The U.K.'s demand for New Zealand goods will rise.
1 answer
The correct answer is: The U.K.'s demand for New Zealand goods will decline.
1 answer