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Question
question 12 if the demand for british pounds increases, the exchange rate between dollars and pounds will be out of equilibrium. the dollar price of the british pound will increase. the trade balance between the two nationals will be out of equilibrium. the dollar price of the british pound will decrease. georgias agriculture is extremely profitable. georgias sea ports need improvement. georgia has never been successful in international economics. georgia is a good place for international businesses.
Brief Explanations
- For the first set of statements about Georgia: The statement "Georgia is a good place for international businesses" is a positive - general statement about Georgia's business environment. The others are either too specific (like port improvement) or too extreme (like never being successful in international economics).
- For the second question about British pounds: According to the law of supply and demand in foreign - exchange markets, when the demand for British pounds increases, the dollar price of the British pound will increase. An increase in demand for a currency makes it more valuable relative to other currencies.
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- Georgia is a good place for international businesses.
- The dollar price of the British pound will increase.