With Regard to Exchange Rates, It Is Correct to Say

question 91

Short Answer

With regard to exchange rates, it is correct to say that
they affect trade balances.
they typically vary substantially on a daily basis.
they do not vary with market conditions.
changes affect only narrow product lines, not all products.
as the value of a country's currency falls, foreign companies have less incentive to ship products into that country.

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Definitions:

Shipworkers' Trade Union

An organization that represents the interests and rights of workers in the shipping or maritime industry.

Labour Relations Board

A regulatory body that oversees and enforces labor laws related to the rights of employers and employees, including union activities and collective bargaining.

Union Representation

The act of labor unions representing the interests of their members in negotiations with employers.

Organization Drive

A campaign or effort undertaken by a union or group to recruit new members or to form a new union within a workplace.