In which of the following instances is the effect on equilibrium price dependent on the magnitude of the shifts in supply and demand?

Refer to Figure 19-3. Which of the following is not true?

A) Thai exports to the United States are more expensive at exchange rates greater than $.03/baht than at the equilibrium exchange rate. B) The baht is overvalued at exchange rates greater than $.03/baht. C) To achieve an exchange rate greater than $.03/baht, the Bank of Thailand must buy surplus dollars with bahts. D) Thai imports from the United States are cheaper at exchange rates greater than $.03/baht than at the equilibrium exchange rate.

Economists most often disagree over positive rather than normative economic issues

a. True b. False Indicate whether the statement is true or false