According to Trade Theory

question 57

Multiple Choice

According to trade theory:

• A) traders need to know the exchange rate between their own currency and that of the nation they are considering trading with before they can decide whether it is advantageous to import, export, or buy locally.
• B) if a currency's exchange rate strengthens, then its exporters will no longer be able to profitably export their products.
• C) devaluation of a currency will automatically cause a nation's products to be price-competitive in international markets.
• D) all of the above.
• E) two of A, B, and C.

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Definitions:

Genitals

Reproductive organs, especially the external sex organs, involved in sexual reproduction and pleasure.

Intersexed

A general term used for a variety of conditions in which a person is born with reproductive or sexual anatomy that doesn’t seem to fit the typical definitions of female or male.

Masculinized

Made to possess or exhibit qualities traditionally associated with men or masculine traits.

Feminized

Made to possess qualities traditionally associated with females; often used in context of plants or animals, indicating induced development of female characteristics.