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Under the Current Managed Float Exchange Rate Regime;countries with Surpluses

question 98

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Under the current managed float exchange rate regime;countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in their countries.


Definitions:

Costs

The expenses incurred in the production of goods or services, or in the operation of a company.

Firm Choose

The decision-making process by which a company selects among available options in strategy, operations, or other aspects of its business.

Complicated Technology

Complicated technology involves systems or devices that are complex in design, functionality, or operation, requiring specialized knowledge or skills to use or maintain.

Expected Value

A mathematical concept representing the average outcome when the same event is repeated multiple times, weighting each outcome by its probability of occurrence.

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