a. any type of activity that requires movement
Physical activity is defined as any type of activity that requires movement. The other responses represents some form of physical activitity, but they do not define what the words actually means. Grocery shop is not a sport nor a planned activity, but it is still a physical activity, so with this example it is possible to deduce that any type of activity that requires movement is a physical activity.
The major reason a country might choose to devalue its currency is to encourage exports.
<h3>What do you mean by Devaluation?</h3>
Devaluation refers to the downward movement in the value of the country's currency. The government that issues the currency has the power to devalue its currency.
Devaluating the currency reduces the cost of a country's exports and reduces trade deficits. For encouraging exports, a country chooses to devalue the currency.
Therefore, B is the correct option.
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Before introducing yourself, it is imperative that you fully inform yourself about the two cases to be discussed, and what the effects of each have on the organization. It is also important to make a hypothetical situation of each case and to observe probable causes and effects that will assist in creating the probable scenario and in decision making.
Yes you can change prices in such a way that the entire demand response is due to the income effect.
What is Income effect?
Usually, when we talk about perfect alternatives, we are talking about lowering the cost of the expensive good. If you were on the y axis of the performance subs graph, the price of good x, which was previously quite expensive, has now decreased. Therefore, your decision will be limited to the x axis.
The term "income effect" describes the shift in real income or purchasing power brought on by a price adjustment. Therefore, as prices drop, your real income essentially rises.
If we lower the cost of the already affordable good. The consumer's real income then rises. As a result, he purchases the cheap item.
Therefore, this shift in demand, where he now purchases more of the cheap commodity, has been brought about by an increase in real income due to a decrease in the price of the previously cheap good.
So, The answer is Yes.
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