Which of the Following Is Consistent with Moving from a Surplus

question 79

Multiple Choice

Which of the following is consistent with moving from a surplus to equilibrium in the market for foreign currency exchange?

• A)the exchange rate falls causing U.S.residents to import more
• B)the exchange rate falls causing U.S.residents to import less
• C)the exchange rate rises causing U.S.residents to import more
• D)the exchange rate rises causing U.S.residents to import less

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Definitions:

Smoker

An individual who regularly inhales smoke from burning substances, typically tobacco, as a habit or practice.

Non-Smoker

An individual who does not smoke tobacco products and is not exposed to smoke from tobacco.

Implicit Support

The unspoken or indirect backing or endorsement of an idea, person, or cause.

Explicit Support

Direct and clear endorsement or approval of an idea, individual, or action without ambiguity.