Refer to the information provided in Table 23.3 below to answer the question(s) that follow. Table 23.3Refer to Table 23.3. Society's MPS is

How does a decrease in value of a country's currency relative to other currencies affect its balance of trade?

A) A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and increases the balance of trade. B) A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and increases the balance of trade. C) A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and reduces the balance of trade. D) A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and reduces the balance of trade.

If a firm offers to pay a worker $10 for each hour of leisure the worker gives up, the $10 implies the:

A. marginal rate of transformation between leisure and income. B. marginal rate of substitution between leisure and income. C. market rate of substitution between leisure and income. D. market rate of transformation between leisure and income.