Suppose the official gold value of the Brazilian real changes from 457 reals per ounce to 528 reals per ounce. We can then say that:
a. the Brazilian real has been devalued.
b. the Brazilian economy is expected to experience rapid inflation.
c. gold has been devalued.
d. the Brazilian real has appreciated in value.
e. gold is now cheaper to purchase in Brazil than it was before.
a
Economics
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To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Using the above figure, how much producer surplus is lost from this tax on sports equipment?
A) abd B) acd C) P0P1ba D) P0P1da
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Property rights uncertainty will usually cause
a. lower levels of investment spending. b. lower levels of real interest rates. c. higher levels of investment spending. d. higher levels of real interest rates.
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