If devaluation does not improve the BOT, but only the BOP, this implies that
A) the capital account is in deficit.
B) the current account is in surplus.
C) the improvement comes in the capital account.
D) Both B and C.
C
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"A decrease in the price of digital cameras will decrease the demand for camera film." This statement is an example of a positive economic statement
Indicate whether the statement is true or false
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are
a. Substitutes b. Complements c. Not related d. None of the above
In volatile markets, "speculators" would be expected to provide some stability because:
a. they will be required to do so by the government. b. they will use current price moves to predict future moves. c. they will buy when price is below equilibrium and sell when it is above equilibrium. d. they will buy when price is above equilibrium and sell when it is below equilibrium.
The contribution to output growth of technological progress is estimated by how much of the output growth can be explained by the growth in inputs.
Answer the following statement true (T) or false (F)