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Which of the Following Will Be True When the Foreign

question 160

Multiple Choice

Which of the following will be true when the foreign exchange market is in equilibrium and exports exceed imports?


Definitions:

Durable Products

Items designed for long-term use and made to withstand wear and tear over time, reducing the need for frequent replacement and hence reducing waste.

Biodegradable Material

Substances that can be broken down naturally by microorganisms into simpler, non-toxic components, reducing environmental impact.

Households

Units of living or domestic arrangements composed of one or more people who share living quarters and provisions for daily living.

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