Which of the Following Is Not a Serious Disadvantage Associated

question 4

Multiple Choice

Which of the following is not a serious disadvantage associated with flexible exchange rates?

• A)uncertainty which tends to diminish trade
• B)worsening terms of trade if there is a sizeable depreciation of a country's currency
• C)longer lags in eliminating balance of payments surpluses or deficits
• D)greater challenges in managing and designing domestic macroeconomic policies.

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Definitions:

Morality Of Constraint

A stage in moral development where individuals follow rules and authority without questioning, often observed in children.

Conventional Morality

A stage of moral development where an individual's sense of morality is largely driven by the approval of others, adherence to rules, and maintaining social order.

Overregularization Error

A language development mistake where children apply grammatical rules too broadly, leading to errors.

Private Speech

Self-directed speech that children use to guide their behavior.