What happened to the peso when the Argentine government succumbed to the market forces in 2002?

A. Revalued
B. Devalued
C. Depreciated
D. Appreciated

Answer: C

Economics

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All of the following are characteristics of a perfectly competitive market, except one. Which is the exception?

a. a large number of sellers b. a standardized product c. no barriers to entry d. sellers can easily exit the market e. an intensive rivalry among the sellers

Economics

There is no longer much debate among economists concerning the severity of and the solution to the problems in using the CPI to measure the cost of living

a. True b. False Indicate whether the statement is true or false

Economics