A country devaluing its currency reduces the official value of its currency
a. True
b. False
Indicate whether the statement is true or false
True
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Under a currency board regime, if domestic citizens are buying more (imports) from foreigners than they are selling to them (exports),
a. the amount of the domestic currency exchanged for the foreign currency will decrease and, thus, increase the domestic money supply. b. the amount of the domestic currency exchanged for the foreign currency will decrease and, thus, decrease the domestic money supply. c. the amount of the domestic currency exchanged for the foreign currency will increase and, thus, increase the domestic money supply. d. the amount of the domestic currency exchanged for the foreign currency will increase and, thus, decrease the domestic money supply.
Which of the following statements concerning monopoly is NOT true?
A. A monopoly is always undesirable. B. A monopoly has market power. C. A market may be monopolistic because there are some legal barriers. D. There is some deadweight loss in a monopolistic market.
If the CPI is currently 202, what does this tell you about inflation between last year and this year?
A) There was deflation in the economy between this year and last year. B) Inflation in the economy between this year and last year was 2%. C) Inflation in the economy between this year and last year was 102%. D) The CPI measures only the level of prices in a given year, not the percentage change in prices from one year to the next.
Which city currently charges drivers a "congestion toll" to drive into the heart of the city's financial, legal, and entertainment district?
a. Washington, D.C. b. Sydney c. Tokyo d. London