The value of a country's currency declines when it implements policies that restrict trade. The primary factor affecting the change in value of the currency in this situation is
A. cultural differences.
B. civil unrest.
C. demographics.
D. isolationism.
D. isolationism.
Economics
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Land is an example of a renewable resource
Indicate whether the statement is true or false
Economics
A country has a trade surplus when
A) imports exceed exports. B) imports equal exports. C) exports exceed imports. D) imports equal zero.
Economics
The product supplied by a monopoly firm has
A. a few substitutes. B. no close substitutes. C. a large number of substitutes. D. two or three close substitutes.
Economics
When you pay $8 for salad you ordered for lunch, you are using money as a(n)
A. store of value. B. unit of account. C. investment good. D. medium of exchange.
Economics