Question: Over the past five years, the exchange rate between the British pound and the U.S. dollar, $/, has changed from about 1.90 to about 1.45.

Over the past five years, the between the British pound and the U.S. dollar, $/£, has changed from about 1.90 to about 1.45. Would you agree that over this five-year period, British goods have become cheaper for buyers in the United States?

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