The government of country A has decided to maintain an exchange rate of 1 unit of its currency for 6 U.S. dollars in the long run. Country A can be said to have a:

If you considered steak and lobster to be perfect substitutes for each other, your indifference curves between them would be L-shaped

Indicate whether the statement is true or false

Suppose that there is a current account deficit of $250 billion and a capital account surplus of $260 billion. It may be concluded that the

A) overall balance of payments is +10. B) overall balance of payments is -10. C) official reserve transaction account balance is +10. D) official reserve transaction account balance is -10.