Final answer:
With the Egyptian Pound strengthening against the US Dollar (from 10 to 15 pounds per Dollar), the cost of US exports in Egypt would appear less expensive, as it would require fewer Egyptian pounds to purchase the same amount of US dollars.
Step-by-step explanation:
When the exchange rate of the Egyptian Pound increases from 10 to 15 Egyptian Pounds per US Dollar, it indicates a depreciation of the US Dollar relative to the Egyptian Pound. This change affects the relative cost of goods between the two currencies.
Using the provided example, let's consider the price of a Ford pickup truck costing $25,000 in the US. Initially at an exchange rate of $1.30 per British pound, the price in pounds would be £19,231. However, if the pound strengthens to $2.00 per pound, the price becomes £12,500. In this case, for someone paying with the British pound, the pickup truck appears less expensive because fewer pounds are required to match the dollar price. Similarly, if the Egyptian Pound strengthens against the US Dollar, from 10 to 15 pounds per Dollar, the price of US exports in Egyptian pounds would decrease, making US exports less expensive for Egyptian consumers.