The Discovery of a Significant New Source of Oil That

question 70

Multiple Choice

The discovery of a significant new source of oil that can be exported will lead to:

• A) depreciation of the currency and a loss of comparative advantage in other sectors.
• B) depreciation of the currency and a gain of comparative advantage in other sectors.
• C) appreciation of the currency and a loss of comparative advantage in other sectors.
• D) appreciation of the currency and a gain of comparative advantage in other sectors.

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Definitions:

Superstructure

In Marxist theory, the social, political, and ideological systems and institutions that derive from and support the economic base of a society.

Barrel Model

An anthropological model that symbolizes the structure of a culture in terms of economics, social, and ideological components.

Culture Integrated

Describes a society where various aspects of culture (beliefs, practices, values) are closely interconnected and consistent.

Harmonious

Describes a situation, relationship, or arrangement that is well balanced, peaceful, and free from discord.