If the stock market of a country crashes, the currency of the country is expected to _____ in the future
a. devaluate
b. appreciate
c. depreciate
d. cease to be traded
c
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The statement that "demand increases" means that there is a
A) movement to the right along a demand curve. B) movement to the left along a demand curve. C) rightward shift of the demand curve. D) leftward shift of the demand curve.
All the following nations except ________ have recently utilized export-led growth policies
A) Hong Kong B) South Korea C) Argentina D) Singapore E) Taiwan
Which of the following would likely be studied in a macroeconomics course?
A) the unemployment rate B) total output for an economy C) the inflation rate D) all of the above
If a nation has a comparative disadvantage in the production of some commodity, a. it can gain from international trade in that commodity only if it has an absolute advantage in that commodity. b. it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if they produced it domestically. c. it cannot gain from international trade in the
commodity. d. it cannot gain from international trade unless it has an absolute advantage in every other commodity.