Even in a world with floating exchange rates, states have some ability to control the value of their currency. What is an advantage of having a weak currency?
a. Exporting industries benefit from a weak currency as their goods are cheaper for foreigners to purchase.
b. Traveling citizens benefit from a weak currency as they can purchase more goods abroad.
c. Consumers benefit from a weak currency as they can afford to buy more imports.
d. There are no advantages to a weak currency.
a
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Which of the following was the rationale behind the Missouri Compromise of 1820?
A. The parties compromised so the balance in the executive's cabinet between free and slave states would be maintained. B. The parties compromised so the balance in the House of Representatives between free and slave states would be maintained. C. The parties compromised so the balance in the Senate between free and slave states would be maintained. D. The parties compromised so the balance in the Supreme Court between free and slave states would be maintained.
One can have political power even if one does not possess formal authority
Indicate whether the statement is true or false
A constitutional clause that allows for a broad interpretation of implied powers is known as a(n) ____ clause.
a. earmark b. reciprocal c. rudimentary d. elastic e. ornate
In the statement “Raising taxes stifles economic growth” which of the following are true:
A. Taxes is the dependent variable B. Taxes is the independent variable C. Economic growth is the independent variable D. Economic growth and taxes are positively related E. Both A and C