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Esther's Typical Work Day Is Twelve Hours

question 14

Multiple Choice

Esther's typical work day is twelve hours. Anytime she feels like taking a break, she quickly reminds herself that her parents emphasized hard work and dedication for success. Her ________ is most in control of her behaviour.


Definitions:

Real Exchange Rate

The rate at which two currencies can be traded for each other, adjusted for inflation differentials between the two countries.

Nominal Exchange Rate

The rate at which one country's currency can be traded for another country's currency, not adjusted for inflation.

Rand

The official currency of South Africa, symbolized as ZAR.

Trade Balance

A measure of a country's exports minus its imports, indicating whether a country is in a surplus or deficit trade position.

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