The evidence available suggests that the effects of devaluation appear to differ across countries and time so that no strong generalizations regarding the effects of devaluation on the balance of trade and/or balance of payments are possible
Indicate whether the statement is true or false
TRUE
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According to the theory of efficient markets, mutual fund managers may be expected to earn above-average returns if they:
A. take on less risk. B. participate in efficient markets. C. have access to illegal, private information. D. have learned from investing in the same stocks repeatedly.
In countries that have a high degree of employment protection as measured by the World Bank's Rigidity of Employment Index, approximately ________ of jobless workers have been employed for more than one year
A) 5% B) 16% C) 27% D) 43%
What most frightens investors in the stock market is
A. the possibility of losing their investments. B. the possibility of gaining too much from their investments, and the resultant tax consequences. C. the possibility that the prices of many investments may collapse simultaneously. D. the possibility that a company that they have invested in will go bankrupt.
The above figure shows the U.S. market for replacement cell phone batteries. When there is no international trade, the equilibrium price is ________ per battery and when there is international trade the equilibrium price is ________ per battery
A) $16; $14 B) $12; $16 C) $10; $14 D) $12; $14 E) $14; $10