Countries with Balance of Payments Deficits Do Not Want to See

question 2

Multiple Choice

Countries with balance of payments deficits do not want to see their currencies ________ because it makes foreign goods ________ expensive for domestic consumers.

• A)appreciate;less
• B)appreciate;more
• C)depreciate;less
• D)depreciate;more

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Definitions:

Studying Accounting

The process of learning about and understanding the systems for recording, classifying, and summarizing financial transactions.

Marginal Benefit

The additional contentment or utility that comes from the consumption or production of an extra unit of a good or service.

Marginal Cost

The expense associated with manufacturing an extra unit of a product.

Tutoring

A form of education where an individual provides personalized instruction to a student or a small group of students.