A Federal Budget Deficit May ________ Exchange Rates (Foreign Currency

question 39

Multiple Choice

A federal budget deficit may ________ exchange rates (foreign currency per domestic currency) and ________ the balance of trade for goods and services.

• A)raise; reduce
• B)raise; raise
• C)reduce; reduce
• D)reduce; raise

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Definitions:

Consumer Taste

Preferences and desires of consumers regarding products and services, influencing their purchasing behavior and choices.

Technology

Utilizing scientific principles for practical objectives, notably in the industrial realm.

Outward

Often used in economics to refer to an expansion or increase, such as in outward economic growth, indicating increasing production, income, or development.

Iraq's Oil Refineries

Facilities in Iraq where crude oil is processed and refined into more useful petroleum products like gasoline and diesel.