All of the following are advantages of currency pegging EXCEPT
A) it reduces exchange rate risk.
B) it is a check against inflation.
C) it provides protection for firms that have taken out loans in foreign currencies.
D) it keeps the exchange rate closer to its equilibrium rate.
D
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A) price ceiling; the equilibrium price increases B) price support; the deadweight loss is minimized C) price ceiling; total revenue increases D) price support; total revenue increases E) price ceiling; consumer surplus increases
Increase in capacity utilization will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
Patent protection is one way to deal with technology spillovers
a. True b. False Indicate whether the statement is true or false
Consumer surplus is equal the area below the _________ and above___________
A. Price; Supply Curve B. Demand Area; Price C. Demand Curve; Supply Curve D. Price; Demand Curve E. Supply Curve; Demand Curve