Which of the following statements is true?
A) An overvalued domestic currency encourages exports.
B) A country can keep its currency overvalued against the dollar as long as its dollar reserves last.
C) A country can keep its currency overvalued against the dollar as long as it can print its own currency.
D) An undervalued domestic currency encourages imports.
B
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Corporations receive no proceeds from the resale of their stock
a. True b. False Indicate whether the statement is true or false
Requiring a firm with international operations to follow the standards of its home country instead of those of the foreign country has all of the following advantages EXCEPT
A) it takes care of the fear of a race-to-the-bottom by making it impossible for a home-based company to exploit low standards.
B) it shifts the costs of improved standards to firms and consumers in high-income countries.
C) it removes the threat of domestic firms relocating abroad for low standards and ensures that any relocation that takes place is due to foreign comparative advantage.
D) it avoids the problems of high-income countries dictating what standards are to be used. In this situation, firms that cross national boundaries must conform to whichever standards are higher.
E) it is a comprehensive measure, since it addresses the problem of production in foreign firms as well as firms from high-standards countries that relocate abroad.
The principle of diminishing returns to labor is based on the:
A. principle of increasing opportunity cost. B. scarcity principle. C. cost-benefit principle. D. principle of comparative advantage.
market supply schedule
What will be an ideal response?