If Ireland can produce cloth at a lower opportunity cost than Austria, then Ireland has a comparative advantage vis-à-vis Austria in cloth
Indicate whether the statement is true or false
T
Economics
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Under fixed exchange rates, which one of the following statements is the MOST accurate?
A) Devaluation causes a rise in output. B) Devaluation causes a decrease in output. C) Devaluation has no effect on output. D) Devaluation causes a rise in output and a decrease in official reserves. E) Devaluation causes a decrease in output and in official reserves.
Economics
Explain the difference between "profitability" and "cash flow."
What will be an ideal response?
Economics