The Foreign Exchange Market Is Stable (Able to Correct a Trade

question 20

Multiple Choice

The foreign exchange market is stable (able to correct a trade deficit by a depreciation of the nation's currency) if ____________________

• A)the sum of the absolute values of price elasticities of the US demand for imports and the foreign demand for US exports is greater than one.
• B)the sum of the absolute values of price elasticities of the US demand for imports and the foreign demand for US exports is less than one.
• C)the sum of the absolute values of price elasticities of the US supply of exports and the foreign supply of imports is greater than one.
• D)the sum of the absolute values of price elasticities of the US supply for imports and the foreign demand for US exports is less than one.

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Definitions:

Always At Least 3 Characters

A requirement in data input or programming that asserts a string or input must contain a minimum of three characters.

ICD-9-CM

The International Classification of Diseases, Ninth Revision, Clinical Modification, a system used in the United States for coding and classifying morbidity data until replaced by ICD-10-CM.

ICD-10-CM

International Classification of Diseases, Tenth Revision, Clinical Modification; a system used by physicians and healthcare providers to code and classify all diagnoses, symptoms, and procedures recorded in conjunction with hospital care in the U.S.

Numeric Or Alpha

Refers to data that can be represented as numbers (numeric) or letters (alpha).