Unit Test — Unit test Answers

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Which factor plays a role in establishing the value of a country’s currency?

the attractiveness of the currency design

the location of the country

supply and demand

distance between countries

most likely

Free trade helps every nation.

Free trade has drawbacks for participants.

Free trade will eliminate poverty.

Free trade must be carefully monitored.

Aging populations can be a problem for developed countries because

there are fewer younger workers coming into the workforce.

most older workers demand top-level pay and full benefits.

many older people are skilled in manufacturing, not technology.

younger workers cannot find jobs when older people work longer.

Which situation is the best example of opportunity cost?

A country chooses to produce bananas instead of wheat.

A country chooses to invest in manufacturing and agriculture.

A country chooses to specialize in producing paper products.

A country chooses to export all of its products.

The chart below shows an exchange rate table.

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