Depreciation of the dollar refers to
A. An increase in the price of foreign currency in terms of dollars.
B. A loss of foreign exchange reserves.
C. A fall in the dollar price of a foreign currency.
D. Intervention in international money markets.
Answer: A
Economics
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Dry cleaning of clothing produces air pollutants. Therefore, in the market for dry cleaning services, the equilibrium price
A) and output are too low to be optimal. B) and output are too high to be optimal. C) is too low to be optimal, and equilibrium quantity is too high. D) is too high to be optimal, and equilibrium quantity is too low. E) is optimal, but there is an excess supply.
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Under some relative definitions, poverty will persist as long as income inequality does
Indicate whether the statement is true or false
Economics