Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
BlackBunny103:
--- Quote from: Ari Ben Canaan on June 10, 2010, 04:45:05 pm ---Dearer means more expensive. As a currency depreciates imports become more EXPENSIVE and exports CHEAPER. MEMORISE THIS !!!
Because of the above rule it cant be either A or B.
With a depreciation in currency An American needs to spend LESS to get 1 pound then compared to before.
He WOULD have had to spend $1.8 to get 1 pound. Now he needs to spend $0.30 LESS.
A Britisher needs can only hope to purchase $1.50 compared to $1.80. A britisher needs to SPEND MORE to get the same value in American Currency than before.
Got it ?
--- End quote ---
Yes sir, I get it now. Thanxx :D +rep, very comprehensive & you seem very serious :P
Thanxx Arsenal as well. ;)
elemis:
Serious ? LOL !
Do I seriously come across that way ? Maybe its my formal tone; I cant get rid of it :-\
BlackBunny103:
Lolz you sound like you are in a bad mood ;D
By the way you actually did all the multiple choice papers from 2002 till now?
elemis:
I am mentally disorientated right now....
Yes, I actually did ALL.
BlackBunny103:
--- Quote from: Ari Ben Canaan on June 10, 2010, 05:27:09 pm ---I am mentally disorientated right now....
Yes, I actually did ALL.
--- End quote ---
OMG, tough competition here :-\. You will be one of those people who'd make the grade boundaries higher :P
Can anyone please explain to me why the answer to this question is A? I put D
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