Which of the Following Statements Is True

question 70

Multiple Choice

Which of the following statements is true?

• A)A higher exchange rate means cheaper exports and cheaper imports.
• B)A higher exchange rate means more expensive exports and more expensive imports.
• C)A higher exchange rate means more expensive exports and cheaper imports.
• D)A higher exchange rate means cheaper exports and more expensive imports.
• E)A higher exchange rate has no effect on the price of exports and imports.

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Definitions:

Conscious

In Freud’s topographic model, the part of personality that contains the thoughts we are currently aware of.

Preconscious

Pertaining to thoughts and feelings not immediately in consciousness but can be readily brought to mind.

Time Magazine

An American weekly news magazine known for its influential coverage of world events, politics, and culture.

Albert Einstein

A theoretical physicist known for developing the theory of relativity, one of the two pillars of modern physics, alongside quantum mechanics.