A country that fixes a price for its currency that is above the market price will:
A. eventually increase the value of its currency.
B. accumulate official reserves.
C. increase its money supply.
D. lose official reserves.
Answer: D
Economics
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A country can have a negative balance of trade and a positive balance of goods and services
a. True b. False Indicate whether the statement is true or false
Economics
Suppose the demand in a certain duopoly market with homogenous goods is Qd = 8,000 - 100P. The two firms in the market are firm V and firm W, and the marginal cost of producing the goods in question is equal to $25. Which of the following describes the Nash equilibrium in this market?
A. QV + QW = 2,750 B. One of the firms produces 5,500 units of output, and one of the firms does not produce. C. QV = QW = 5,500 D. QV = QW = 2,750
Economics