When a Country's Currency Undergoes a Real Appreciation

question 103

Multiple Choice

When a country's currency undergoes a real appreciation:

• A)exports fall and imports rise.
• B)exports rise and imports fall.
• C)the merchandise trade balance becomes positive.
• D)exports and imports do not change.

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Definitions:

Apes

Apes are a group of primates that includes gorillas, chimpanzees, orangutans, and gibbons, known for their large brains relative to body size and lack of a tail.

Tortoises

Land-dwelling reptiles with a distinctive hard shell, part of the turtle family but adapted for life on land.

Finches

A group of bird species known for their significant role in Charles Darwin's study of natural selection and evolution, notably in the Galapagos Islands.

Feign Injury

To pretend or simulate having an injury, often to avoid duty or work or gain sympathy.