Capital flight
A) increases reserves.
B) is never associated with the expectation of devaluation.
C) may undo expected devaluation.
D) reduces losses during a devaluation scare.
E) decreases reserves and may induce devaluation.
E
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In an oligopolistic market there are
A. few sellers. B. many sellers. C. many buyers. D. few buyers.
In the money market, if the nominal interest rate is below the equilibrium level,
A) the demand for money curve will shift leftward. B) the quantity of money demanded exceeds the quantity of money supplied. C) the quantity of money supplied exceeds the quantity of money demanded. D) the supply of money curve will shift leftward. E) asset prices will rise.
Having a competitive advantage emanates from
a. Increased price b. Decreased cost c. One or both of the above d. None of the above
As output rises, marginal product eventually diminishes and
a. marginal cost increases b. average cost falls c. total cost falls d. fixed cost is increasing e. average product is negative