True or False: Developing nations with more than one major trading partner typically anchor their currencies to a basket of currencies to reduce the effects of exchange rate fluctuations on their economies. True False

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.