Which of the Following Is a Disadvantage of Using a Rigid

question 86

Multiple Choice

Which of the following is a disadvantage of using a rigid policy of fixed exchange rates?

• A) It is likely to create high unemployment in some cases.
• B) It will lead to inflationary economies across the world.
• C) It is likely to bring about trade wars between nations.
• D) It will instigate competitive devaluations and intense competition.

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Definitions:

Synergy

The collaborative effort of two or more entities, elements, or agents that results in a combined impact surpassing the total effect of their individual actions.

Differences

Characteristics that distinguish one entity from another, varying across physical attributes, opinions, behaviors, or properties.

Values

Fundamental beliefs or principles that guide behavior and decision-making, influencing an individual's or organization's actions and priorities.

Collectivism-Societal

A cultural value that emphasizes the importance of groups and collective well-being over individual achievement.