Exports Will Increase When There Is

question 83

Multiple Choice

Exports will increase when there is

• A)a reduction in the real exchange rate.
• B)a reduction in domestic output.
• C)a reduction in foreign output.
• D)all of the above
• E) none of the above

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Definitions:

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives.

Individual Choices

The decisions made by individuals based on preferences, income, and prices that determine what goods and services they acquire.

Economic Capability

The ability of an individual, company, or country to produce goods or services efficiently, using available resources and technology.