A country will have a balance-of- payments deficit when its exchange rate:
A. equals the market equilibrium value.
B. is undervalued.
C. is overvalued.
D. is flexible.
Answer: C
Economics
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Legislators facing a close electoral contest will tend to favor
A) policies with benefits greater than costs for everyone. B) policies with benefits greater than costs for the majority. C) policies with benefits in the near future and deferred costs. D) policies representing the public interest.
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What is the Social Security system?
What will be an ideal response?
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