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:

Public Sector

The portion of the economy composed of government services and state-owned enterprises.

State Lawmakers

are elected officials at the state level responsible for creating and amending state laws and regulations.

Neutral

In the context of labor relations, this refers to a party or individual who does not show bias to either side in negotiations, disputes, or conflicts.

Mediation

The process of resolving conflicts through the assistance of a neutral facilitator who helps the disputing parties reach a consensus.