0
Still curious? Ask our experts.
Chat with our AI personalities
Devin
Steve
ViviAdd your answer:
Earn +20 pts
When the value of a country's currency goes up compared to another country's currency that is considered a?
First of all - your punctuation. You need a comma after the second "currency" so as not to confuse whether 'value' or 'currency' is the point - "When the value of a country's currency goes up compared to another country's currency, that is considered a...?" Bad thing, as the cost of goods and services of 'Currency A' go up when compared to 'Currency B.' People will want things priced in Currency B, perceiving them cheaper than Currency A goods and services.
What the consequences for an economy if its currency was gaining strength?
There are two major consequences of this. First, the people in that economy will be able to buy imports more cheaply. Their currency will be worth more of other currencies than it once was so ever dollar (or whatever currency) they make can buy more goods and services from other countries. Second, firms in that economy will not be as able to export as they were before. Foreign currencies will not buy as many of the goods and services these firms provide. This will make it harder for them to sell their products abroad. In these ways, a strong currency is both a good and a bad thing for an economy.
Why is rationing bad?
Rationing is not bad in itself, in fact it is a good thing when necessary. It conserves resources and helps to ensure all get a fair share of what is available.
Is fair trade a good or bad thing for the coffee industry?
dudee what kinda q is datt mayn
Is there a three dollar bill currency?
No, there is not such thing as a $3 bill.
