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Which of the following best characterizes the relationship between technological advances, exchange rates, and economic output (in U.S. dollars) in BRIC countries? A. Technological progress results in appreciating currencies and technological progress in Brazil may lag that of Russia, due in part to a weaker infrastructure. B. Technological progress results in depreciating currencies and technological progress in Russia may lag that of Brazil, due in part to a weaker infrastructure. C. Technological progress results in appreciating currencies and technological progress in Russia may lag that of Brazil, due in part to a weaker infrastructure. |