A Decrease in Value of a Country's Currency Relative to Other

question 123

Multiple Choice

A decrease in value of a country's currency relative to other currencies affects its balance of trade on goods and services by:

• A)raising imports, reducing exports, and reducing the balance of trade on goods and services.
• B)reducing imports, raising exports, and reducing the balance of trade on goods and services.
• C)reducing imports, raising exports, and increasing the balance of trade on goods and services.
• D)raising imports, reducing exports, and increasing the balance of trade on goods and services.

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Definitions:

Norms

Accepted standards of behavior within a group that are considered normal, guiding the actions of its members.

Roles

Roles are the behaviors, obligations, and privileges attached to a social position, guiding how individuals are expected to behave in certain contexts.

Statuses

Positions or ranks that individuals hold in social, professional, or other hierarchies, which influence their roles, rights, and responsibilities within a group or society.

Feminist Theory

For the most part, claims that patriarchy is at least as important as class inequality in determining a person’s opportunities in life. It holds that male domination and female subordination are determined not by biological necessity but by structures of power and social convention. It examines the operation of patriarchy in both micro and macro settings. And it contends that existing patterns of gender inequality can and should be changed for the benefit of all members of society.