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

question 37

Multiple Choice

Lower tariffs and quotas cause a country's currency to ________ in the ________ run.

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

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Definitions:

Profits

Net income that remains after all operating expenses, interest, taxes, and dividends have been deducted from total revenue.

Critical Thinking

The ability to objectively analyze and evaluate an issue or situation to form a judgement, by questioning assumptions and identifying biases.

Social Responsibility

Social Responsibility involves businesses and individuals acting in ways that benefit society at large, beyond their own interests or profits.

Business

The organized efforts and activities of individuals to produce and sell goods and services for profit.