A Country That Imports a Significant Proportion of Its Consumer

question 60

Multiple Choice

A country that imports a significant proportion of its consumer goods can avoid inflation by adopting a fixed exchange rate because it can avoid the price increases of ________ that occur when the value of the domestic currency ________.

• A)imports; rises
• B)imports; falls
• C)exports; rises
• D)exports; falls

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Definitions:

Probability

The quantification of the probability of an event happening, represented as a numerical value ranging from 0 to 1, with 0 signifying it cannot happen and 1 signifying it is certain to happen.

Black Pawns

In chess, the eight pawns that start on the black side of the chessboard, each with the potential to advance and promote to a higher piece.

Shark Attack

An incident when a shark bites a human or a human's belongings, which typically occurs in the shark's natural habitat.

Probability

The measure of how likely an event is to occur.