In the winter of 2001-2002, Argentina's overvalued currency reflected a(n)
a. balance of payments surplus.
b. balance of payments deficit.
c. surplus of exports over imports.
d. excess demand for Thai currency.
b
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Mexico pegged its exchange rate to the U.S. dollar in the 1980s
A) to maintain a similar unemployment rate to the United States B) in an attempt to abandon the peso and switch to U.S. dollars as currency. C) to signal investors that Mexico was serious about controlling inflation. D) to discourage foreign investment.
For a firm in monopolistic competition, innovation and product development are
A) senseless because economic profit is always zero in the long run. B) necessary in order to have a chance of earning at least a short-run economic profit. C) inconsequential because each firm produces a different product. D) necessary to allow new firms to enter. E) uncommon because other firms already produce similar products.
Since 1948, the labor force participation rate for adult men has ________ and for adult women has ________
A) increased; decreased B) decreased; decreased C) increased; increased D) decreased; increased
If Americans develop a greater appreciation for Mexican-made goods, we should observe the following change(s) in the U.S. dollar-peso market:
A. the demand curve for dollars shifts right. B. a movement down the supply curve of dollars. C. the supply curve of dollars shifts left. D. the demand curve for pesos shifts right.