Based on this figure, if the krone exchange rate is fixed at $0.09 dollars per krone, the krone is:

A. devalued.
B. undervalued.
C. revalued.
D. overvalued.


Answer: B

Economics

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Countries where investment is relatively

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The rising minimum wage allegedly has reduced the quantity demanded of teenage labor. However, demographics slightly reduced the supply of teenage labor. The U.S. Department of Labor reported that teenage unemployment is an increasing problem. Which graph in Figure 4-10 is consistent with these facts?

a.
1

b.
2

c.
3

d.
4

Figure 4-10

Economics