Which of the Following Statements Best Describes the Economic Implications

question 12

Multiple Choice

Which of the following statements best describes the economic implications of a currency revaluation?

• A)Other countries would find the country's goods, services, and financial instruments cheaper in domestic currency terms.
• B)Other countries would now find the country's goods, services, and financial instruments more expensive in domestic currency terms.
• C)The country revaluing would be likely to experience decreased net exports and employment.
• D)Both b and c are correct.

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Definitions:

Scientific Management

An approach to management focused on optimizing work processes and productivity through empirical methods and time-and-motion studies.

Specialization

The process of focusing on and becoming an expert in a particular area of knowledge, skill, or activity.

Motion Study

The science of reducing a task to its basic physical motions.

Performance Incentive

A reward system designed to motivate employees to achieve higher levels of performance.