Lower Tariffs and Quotas Cause a Country's Currency to ________

question 68

Multiple Choice

Lower tariffs and quotas cause a country's currency to ________ in the ________ run,everything else held constant.

• A)depreciate;short
• B)appreciate;short
• C)depreciate;long
• D)appreciate;long

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Definitions:

Olive Oil

A cooking oil extracted from olives, known for its health benefits and use in Mediterranean cuisine.

Ascorbic Acid

A vitamin found in various foods and sold as a dietary supplement, commonly known as vitamin C, which is essential for the repair of tissue and the enzymatic production of certain neurotransmitters.

Vitamin C

An essential nutrient and antioxidant found in fruits and vegetables, important for the repair of tissue and the enzymatic production of certain neurotransmitters.

Major Minerals

Essential minerals required in larger amounts by the body for various physiological functions, including calcium, magnesium, potassium, sodium, and phosphorus.