As a currency depreciates:
A) exports increase and imports decrease.
B) exports decrease and imports increase.
C) exports increase and imports increase.
D) exports decrease and imports decrease.
Ans: A) exports increase and imports decrease.
Economics
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Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term:
A. In an effort to isolate the Fed from political pressures. B. So that Fed decisions will be based on political considerations. C. To give Congress better control over the money supply. D. In an effort to make the Fed responsive to voters.
Economics
All of the following contribute to labor productivity growth EXCEPT
A) population growth. B) physical capital growth. C) human capital growth. D) technological advancements.
Economics