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Economics
MEDIUM
ENGLISH
Economics
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
Option A
B
will decrease
Option B
will increase
Correct answer
D
could either increase of decrease
Option D
Correct answer: C
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