In a system in which there is an administered exchange rate, what is the term used when the government sets the rate higher to buy fewer units of foreign currency?
A) a revaluation
B) an appreciation
C) a depreciation
D) a devaluation
Ans: D) a devaluation
Economics
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Indicate whether the statement is true or false
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A) structurally unemployed. B) cyclically unemployed. C) not in the labor force. D) frictionally unemployed.
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If the local cable TV company is a natural monopoly and required by regulators to set its price equal to marginal cost, it makes zero profit and produces the efficient level of output
Indicate whether the statement is true or false
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What will be an ideal response?
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