If the fiscal authority is focused on maintaining a balance of payments equilibrium, it is said to be pursuing

The government significantly raised farm incomes by raising farm prices by: (i) destroying crops, (ii) slaughtering millions of baby pigs and pregnant sows, (iii) paying farmers not to grow crops and (iv) injecting dye into harvested potatoes,

making them inedible. Indicate whether the statement is true or false

The law of one price (LOOP) indicates that:

a. The price of a good in one country should be equal to the exchange-rate-adjusted price of the same product in another country. b. The nominal wage rate in one country should be equal to the exchange-rate-adjusted wage of the average laborer in another country. c. All the above. d. None of the above. e. Nominal interest rates in countries should be identical because if they were not, arbitragers could make risk-free profits.