Holding Everything Else Constant,a Country's Imports Will Decrease If The

question 10

Multiple Choice

Holding everything else constant,a country's imports will decrease if the:

• A)country's currency appreciates.
• B)country's currency depreciates.
• C)country's currency is revalued.
• D)none of the above.

---

Definitions:

Gulf War

The Gulf War (1990-1991), also known as the First Gulf War, was a conflict between Iraq and a coalition led by the United States following Iraq's invasion of Kuwait.

Global Free Trade

The exchange of goods and services across international borders without restrictive tariffs and other barriers, aiming for open and competitive markets worldwide.

Mikhail Gorbachev

The last leader of the Soviet Union, known for his policies of glasnost (openness) and perestroika (restructuring), which contributed to the end of the Cold War.

Boris Yeltsin

A Russian political figure who served as the first President of the Russian Federation from 1991 to 1999, overseeing the transition from Soviet rule.