If a Country Is in a Strong Upward Phase of the Business

question 203

Multiple Choice

If a country is in a strong upward phase of the business cycle, one can expect that its currency will

• A)revalue.
• B)devalue.
• C)appreciate.
• D)depreciate.

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Definitions:

Nonslaveowning Farmers

Agricultural workers or landowners who did not own slaves, common in 19th century America, particularly in the North and among smaller farms in the South.

Yeoman Farmer

An independent farmer who generally owned and worked a small plot of land, significant in American folklore as an embodiment of self-reliance and democratic ideals.

Cotton

A natural fiber obtained from the seeds of the cotton plant, widely used in textile manufacturing.

Cash Crop

A crop grown for the purpose of being sold on the market to generate profit rather than for the farmer's own use or consumption.