The impact of the appreciation of a country's currency on its import and export revenue is (). A: exports decrease, imports increase B: exports increase, imports decrease C: exports increase, imports increase D: exports decrease, imports decrease

Over time, a depreciation in the value of a nation’s currency in the foreign exchange market will result in: A: Exports rising and imports falling B: Imports rising and exports falling C: Both imports and exports rising D: Both imports and exports falling

An import quota protects domestic producers by A: setting a limit on the amount of imports. B: placing a prohibitive tax on imports. C: encouraging competition among domestic producers. D: increasing the total supply of the product.

In general, soft currency should be chosen for exportsand hard currency for imports. （ ）

When a country's currency depreciates against the currencies of major trading partners A: the country's exports tend to rise and imports fall. B: the country's exports tend to fall and imports rise. C: the country's exports tend to rise and imports rise. D: the country's exports tend to fall and imports fall.

According to the Marshall-Lerner approach, a currency depreciation will best lead to an improvement on the home country's trade balance when the: A: Home demand for imports is inelastic--foreign export demand is inelastic B: Home demand for imports is inelastic--foreign export demand is elastic C: Home demand for imports is elastic--foreign export demand is inelastic D: Home demand for imports is elastic--foreign export demand is inelastic

A rise in the price of imports or a fall in the price of exports will:

A country with a current account surplus is earning more from its exports than it spends on imports.

Huge imports were ______ the country’s currency reserves.

A country that exports more than it imports runs atradedeficit.