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Author Question: How does an increase in a country's exchange rate affect its balance of trade? A) An increase in ... (Read 84 times)

aabwk4

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How does an increase in a country's exchange rate affect its balance of trade?
 
  A) An increase in the exchange rate raises imports, reduces exports, and reduces the balance of trade.
  B) An increase in the exchange rate reduces imports, raises exports, and increases the balance of trade.
  C) An increase in the exchange rate raises imports, reduces exports, and increases the balance of trade.
  D) An increase in the exchange rate reduces imports, raises exports, and reduces the balance of trade.

Question 2

What functions does capital income serve in the economy?
 
  What will be an ideal response?



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Alyson.hiatt@yahoo.com

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Answer to Question 1

A

Answer to Question 2

Interest serves as an incentive to postpone gratification. Profit serves as a reward for innovation and risk taking.




aabwk4

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


matt95

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Reply 3 on: Yesterday
Wow, this really help

 

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