What is the difference between a devaluation and a depreciation?
What will be an ideal response?
A currency is devaluated when the rate at which the central bank will exchange the local currency for foreign convertible currency, such as dollars, is abruptly increased. A depreciation is the gradual decrease in the purchasing power of a domestic currency in foreign markets relative to domestic markets.
Economics
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If the price is $5 and the quantity demanded is 100 units, then at a price of $10, the quantity demanded will be
A) less than or equal to 100 units. B) greater than or equal to 100 units. C) less than or equal to 1000 units. D) equal to 100 units.
Economics
Show that increasing returns to scale can co-exist with diminishing marginal productivity
What will be an ideal response?
Economics