Which of these situations will cause the depreciation in the value of the UAE Dirham? a. Increase in the exports of oil and less imports of other things b. Lower exports of oil and an increase in gross domestic product c. Lower exports of oil and a decrease in the gross domestic product d. Increase in the price of oil and increase in exports of minerals and gas
Which of these situations will cause the depreciation in the value of the UAE Dirham? a. Increase in the exports of oil and less imports of other things b. Lower exports of oil and an increase in gross domestic product c. Lower exports of oil and a decrease in the gross domestic product d. Increase in the price of oil and increase in exports of minerals and gas
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of these situations will cause the depreciation in the value of the UAE Dirham?
a.
Increase in the exports of oil and less imports of other things
b.
Lower exports of oil and an increase in gross domestic product
c.
Lower exports of oil and a decrease in the gross domestic product
d.
Increase in the price of oil and increase in exports of minerals and gas
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