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Unformatted text preview: 1. Question: (TCO 3) The value of goods imported into France exceeds the value of French exports. This indicates that France: Your Answer: will experience an exchange rate decrease INCORRECT utilizes high tariffs will incur a budget deficit has a balance of trade deficit CORRECT ANSWER Instructor Explanation: Chapter 3 Page 64 Points Received: 0 of 1 Comments: 2. Question: (TCO 3) The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism, foreign aid, and military expenditures is referred to as the: Your Answer: Instructor Explanation: Chapter 3 Page 64 Points Received: 1 of 1 Comments: 3. Question: (TCO 3) Climate and terrain in several South American countries are conducive to growing coffee efficiently. While other countries can grow coffee, they are not as efficient and effective at coffee growing because of short seasons and climate concerns. This fact would lead you to believe that growing because of short seasons and climate concerns....
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- Spring '10
- Instructor Explanation