In Countries Where Imports Form a Substantial Part of Household

question 46

Multiple Choice

In countries where imports form a substantial part of household spending,major depreciations in the national currency:

• A) can produce significant declines in living standards.
• B) can increase consumption of foreign goods.
• C) can benefit workers at the expense of exporting firms.
• D) can hurt producers but benefit consumers.

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Definitions:

Tort Liability

Legal responsibility for damages caused by a wrongful act or omission other than breach of contract.

Accountant

A professional who performs financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.

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