For the Three Years from Early 2002 to Early 2005

question 58

Multiple Choice

For the three years from early 2002 to early 2005, the euro maintained a strong and steady rise in value against the U.S. dollar (USD) . After a brief respite in 2005, the euro continued its climb against the USD into 2008. Which of the following were NOT a contributing factor in the assent of the euro and the decline in the dollar?

• A) severe U.S. balance of payments deficits
• B) a general weakening of the dollar after the attacks of September 11, 2001
• C) large U.S. balance of payment surpluses
• D) All of the above were contributing factors.

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Definitions:

Fog of War

The uncertainty faced by participants in military operations, often applicable by analogy to situations of confusion or ambiguity in business and strategy.

Ethical Behavior

Conduct that is consistent with principles of moral and ethical standards, reflecting integrity, fairness, and respect towards others.

Entrepreneurial Experience

The practical knowledge and skills gained through starting and managing new business ventures.

Aristotelian Approach

A method or philosophy based on the teachings of Aristotle, often emphasizing logical reasoning and empirical evidence.