A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule:

Under a fixed exchange rate regime, if a country has an undervalued exchange rate, then its central bank's attempt to keep its currency from ________ will result in a ________ of international reserves

A) depreciating; gain B) depreciating; loss C) appreciating; gain D) appreciating; loss

Between 1945 and 1985, the number of farms declined and the average farm size increased, both of which suggest that

a. people were eating less food b. price support programs were enriching farmers c. farm incomes decreased d. land prices decreased e. large-scale farming was more efficient than small-scale farming