Foreign exchange rates refer to the
A. price of one nation's currency in terms of another nation's currency.
B. difference between exports and imports of a particular nation with another.
C. price at which purchases and sales of foreign goods take place.
D. rate of exchange of goods and services between two trading nations.
Answer: A
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A new tax introduced by the government will: a. decrease disposable income
b. increase disposable income. c. lead to a reduction in government spending. d. lead to an increase in government spending. e. have no effect on disposable income.
What are the factors that contribute to productivity growth in the market economy and which of them is considered most important?