Ceteris Paribus,with a Fixed Exchange Rate,if People in Argentina Decide

question 131

Multiple Choice

Ceteris paribus,with a fixed exchange rate,if people in Argentina decide to buy more Russian oil,this causes a market ________ of Russian currency and creates a balance-of-payments ________ for Russia.

• A)surplus;deficit
• B)shortage;deficit
• C)surplus;surplus
• D)shortage;surplus

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Definitions:

Standardized Good

A product that is uniform in quality and specifications across all units and is often mass-produced.

Risky

Entails exposure to danger, harm, or loss, often used to describe investments or decisions with a high potential for negative outcomes.

Productivity

The measure of efficiency in converting inputs into useful outputs, often assessed in the context of work, manufacturing, and time management.

Salespeople

Individuals who sell goods and services to customers, often directly, using knowledge, persuasion, and interpersonal skills to achieve sales objectives.