Refer to Figure 32-3

question 362

Multiple Choice

Refer to Figure 32-3. Which curve shows the relation between the exchange rate and net exports?

• A) the demand curve in panel a.
• B) the demand curve in panel c.
• C) the supply curve in panel a.
• D) the supply curve in panel c.

---

Definitions:

World Systems Theorist

A scholar who analyzes societies in terms of systemic inequalities and hierarchical relationships on a global scale, particularly focusing on the economic dynamics between countries.

Globalization

Refers to the process of interaction and integration among people, companies, and governments worldwide, leading to the exchange of ideas, products, and cultures.

Diversification

Diversification is the strategy of entering into new markets or creating new products to spread risk and reduce dependence on a single source of income or success.

Command Economy

An economic system wherein the government or central authority makes all decisions regarding the production and distribution of goods and services.