Refer to Figure 19-3. At what level should the Thai government peg its currency to the dollar to make Thai exports cheaper to the United States?
A) less than $.03/baht B) equal to $.03/baht
C) greater than $.03/baht D) $1/baht
A
You might also like to view...
According to the Bureau of Labor Statistics, the time spent working on days worked is
A) longer for men than it is for women. B) longer for women than it is for men. C) roughly equal for all men and women. D) roughly equal for men and women closer to age 45, but longer for women closer to retirement age than for men closer to retirement age.
At a perfectly competitive equilibrium with production and trade, the slope of the production possibility curve will be
A) equal to the slope of the price line faced by the consumers. B) steeper than the slope of the price line faced by consumers. C) flatter than the slope of the price line faced by consumers. D) either steeper or flatter than the price line faced by the consumers, depending upon the relative preferences of the consumers.