The Graph of Supply of a Currency Shows

question 18

Multiple Choice

The graph of supply of a currency shows:

• A)a line that is essentially horizontal indicating that supply of a currency is not closely related to value of the currency.
• B)a line that is essentially vertical indicating that the supply of a currency is controlled by the government issuing the currency.
• C)a line that slopes downward from left to right indicating that the supply of a currency decreases as the value of the currency increases.
• D)a line that slopes upward from left to right indicating that the higher the value of the currency,the greater the supply of that currency.

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Definitions:

Conflict

A situation where individuals or groups have opposing interests, beliefs, or needs.

Productivity

Is an economic measure of efficiency that summarizes and reflects the value of the outputs created by an individual, organization, industry, or economic system relative to the value of the inputs used to create them.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Job Embeddedness

Refers to the fact that some people stay in their jobs, even when they decide they are unhappy and should leave. Other ties in the community or obligations keep the employee in the job.