Which of the Following Problems Will Most Likely Occur with a System

question 30

Multiple Choice

Which of the following problems will most likely occur with a system of flexible exchange rates?

• A) macroeconomic instability as exports and imports fluctuate with the exchange rates
• B) government favoritism toward selected importers of goods and services
• C) the emergence of black markets for foreign currency
• D) distortions in trade patterns away from the pattern suggested by comparative advantage

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