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

question 34

Multiple Choice

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

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

---

Definitions:

Proactive

Taking initiative by acting in anticipation of future problems, needs, or changes rather than reacting to events after they occur.

Low-Quality Exchange

A relationship characterized by minimal trust, respect, and commitment, often resulting in poor cooperation and communication.

Standard Benefits

Typical or customary advantages provided to employees beyond their wages, such as health insurance, retirement plans, and paid time off.

Endorphins

Natural chemicals in the body that interact with brain receptors to reduce pain perception and boost feelings of pleasure or satisfaction.