Assume That an Economy Is Operating at Less Than Its

question 27

Multiple Choice

Assume that an economy is operating at less than its full-employment level of output.Which event would most likely increase an economy's exports?

• A)a rise in the tariff on products imported from abroad
• B)a fall in the prosperity of trading partners for this economy
• C)an appreciation of a nation's currency relative to foreign currencies
• D)a depreciation of a nation's currency relative to foreign currencies

---

Definitions:

Innovators

Individuals or entities that introduce new ideas, products, or methods, often driving changes and progress in various fields.

Early Adopters

Individuals or businesses who use or adopt new products, technologies, or innovations before the majority of others do.

Early Majority

The segment of consumers in the technology adoption lifecycle that adopts a new product just before the average person, usually after seeing evidence that it works from the "early adopters."

Customer Segmentation

The practice of dividing a company's customers into groups that reflect similarity among customers in each group for targeted marketing and sales strategies.