Other Things the Same,in the Open-Economy Macroeconomic Model,if the Exchange

question 45

Multiple Choice

Other things the same,in the open-economy macroeconomic model,if the exchange rate rises,

• A)the demand for dollars shifts left.
• B)the demand for dollars shifts right.
• C)the quantity of dollars demanded falls.
• D)the quantity of dollars demanded rises.

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Definitions:

Dependency Theorists

Scholars who argue that underdevelopment in certain countries is the result of exploitative relationships with developed nations.

Economic Backwardness

Economic backwardness describes a state of limited economic development characterized by low levels of industrialization, poor infrastructure, and a reliance on agriculture and other traditional sectors.

Work Ethic

A set of values that prioritize hard work, diligence, and responsibility as essential to achieving success and productivity.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, leading to the global exchange of goods, services, cultural practices, and ideas.