A revaluation is an increase in the official value of a currency.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If a sandwich shop produces zero sandwiches, which of the following costs will it still incur?
A. Employee's wages B. Sandwich ingredients C. Rented storefront D. None of these costs will be incurred if they no longer make sandwiches.
A factor determining the supply of U.S. dollars in the foreign exchange market is the
A) expected future exchange rate. B) expected future interest rate in the United States. C) U.S. supply of exports. D) expected future interest rate in foreign countries.
A country currently is using all its land to produce wheat and grapes. However, the land most suited to growing grapes is being used to produce wheat, and the land most suited to growing wheat is being used to produce grapes. This is an example of
a. increasing opportunity costs b. involuntary unemployment c. productive inefficiency d. central planning e. communal ownership
When attempting to correct cases of "market failure," economists usually seek policies that maximize
A. producer surplus, not consumer surplus. B. consumer surplus, not producer surplus. C. the sum of consumer and producer surplus. D. the difference between consumer and producer surplus.