chapter 18 economics
3 Written Questions
3 Multiple Choice Questions
- goods bought from other countries for domestic use
- markets dealing in buying and selling foreign currency for businesses that want to import goods from other countries
- lowering a currency's value in relation to other currencies by gov order.
3 True/False Questions
Specialization → lowering a currency's value in relation to other currencies by gov order.
Absolute Adv → when a country can produce a product more efficiently than another country
exchange rate → Goods sold to other countries