A devaluation of a currency means that the exchange rate (price of that currency) has changed to a lower fixed rate
a. True
b. False
A
Economics
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The way in which growth occurs affects the pattern of trade of a country
Indicate whether the statement is true or false
Economics
With full information any contract will lead to production efficiency
Indicate whether the statement is true or false
Economics
A positive (non-zero) price for a good means there is a surplus of that good
a. True b. False Indicate whether the statement is true or false
Economics
The rate of inflation in Vroomka, a small island country, was 12.3 percent last year. The value of the GDP deflator of the country last year was _____
a. 100.23 b. 123.00 c. 112.30 d. 87.70
Economics