An Increase in Productivity in a Country Will Cause Its

question 22

Multiple Choice

An increase in productivity in a country will cause its currency to ________ because it can produce goods at a ________ price,everything else held constant.

• A)depreciate;lower
• B)appreciate;lower
• C)depreciate;higher
• D)appreciate;higher

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Definitions:

Freedom To Farm Act

A U.S. federal law enacted to reduce government control over farming operations, allowing farmers more freedom in making planting and harvesting decisions.

Farm Policy

Government guidelines and regulations aimed at controlling agricultural production, prices, and trade to support farmers and the agricultural sector.

Farm Programs

Government initiatives designed to support farmers, stabilize food prices, and ensure a steady supply of agricultural products through subsidies, loans, and other means.

Agricultural Resources

Inputs used in the production of agricultural goods, such as land, labor, and capital, along with more specific resources like seeds and fertilizers.