If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, then holding everything else constant, the price of U.S. goods in Greece will increase.
Answer the following statement true (T) or false (F)
True
Economics
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If the reserve ratio is 5 percent, then the money multiplier is approximated to be:
A. 10. B. 5. C. 2. D. 20.
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A perfectly competitive firm breaks even at a price equal to its minimum average total cost
Indicate whether the statement is true or false
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What is the basic problem of developing countries?
A) corruption B) murder C) poverty D) stock market E) natural resources
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What can a union do in order to raise the wages of its members?
What will be an ideal response?
Economics