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Which of the following are ways that a government can defend an overvalued exchange rate?
Explicit Costs
Payments made directly to individuals or entities for business operations, including salaries, leasing costs, and supplies.
Implicit Costs
The opportunity costs of using resources that a firm already owns, rather than the expenses directly paid out.
Explicit Costs
Direct, out-of-pocket expenses incurred by a firm or individual for business operations or activities.
Accounting Profits
The financial gain calculated by subtracting total explicit costs from total revenues, using generally accepted accounting principles.
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