Author Question: The government's ability to alter expenditures in its economy between imports and exports by ... (Read 73 times)

vicky · **on:** Jun 30, 2018

The government's ability to alter expenditures in its economy between imports and exports by enacting policies to change their relative prices is known as

A) expenditure-switching instruments.
B) trade drivers.
C) tariff tools.
D) absorption instruments.

Question 2

During the course of an economic contraction, it is likely that a country would experience

A) a currency depreciation as explained by the absorption approach.
B) a currency appreciation as explained by the absorption approach.
C) a currency depreciation as explained by the elasticities approach.
D) a currency appreciation as explained by the elasticities approach.