Based on this figure, if the krone exchange rate is fixed at $0.15 dollars per krone, then the krone is: 
A. overvalued
B. undervalued
C. devalued
D. revalued
Answer: A
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Multinational companies are concerned about exchange rate risk
Indicate whether the statement is true or false
Which of the following efficiency wage models centers on the morale of a firm's workers? The
a. shirking model. b. gift exchange model. c. turnover model. d. None of the above
The gold standard ended with the:
a. rise of Napoleon to power. b. American Declaration of Independence. c. outbreak of World War I. d. first Arab oil embargo. e. presidency of Richard Nixon.
Suppose you camped out in front of an electronics store to be one of the 200 lucky people able to purchase the latest gaming system. You bought the system for $350. Two weeks later you see that the same system can be sold on e-Bay for $600, so you sell your system. Your market role was as a:
A. consumer at the electronics store; the e-Bay transaction did not occur in a market. B. consumer at the electronics store and a seller on e-Bay. C. seller in both markets. D. consumer in both markets.