Suppose the official gold value of the Brazilian real changes from 527 reals per ounce to 508 reals per ounce. We can then say that:
a. the Brazilian real has depreciated in value as a consequence of free market fluctuations.
b. the Brazilian real has appreciated in value.
c. gold is now more expensive to purchase in Brazil than it was before.
d. the Brazilian real has been devalued.
e. the Brazilian economy is expected to experience rapid inflation.
b
You might also like to view...
Which of the following is a disincentive to leave welfare?
a. decrease in real income b. lower taxes c. higher incomes d. All of these.
In what geographic areas would a market-oriented system that remains closer to the command economy end of the spectrum most likely be found?
a. parts of Asia, Africa, and South America b. Cuba and North Korea c. Europe and the United States d. China and Russia
Suppose the market for autoworkers is initially in equilibrium, but then the automakers purchase capital goods that are a substitute for workers. What happens in the market for autoworkers?
A) The equilibrium wage rate will increase and the equilibrium quantity of labor will decrease. B) The equilibrium wage rate and the equilibrium quantity of labor will both increase. C) The equilibrium wage rate and the equilibrium quantity of labor will both decrease. D) The equilibrium wage rate will decrease and the equilibrium quantity of labor will increase.
GDP minus depreciation equals
A. national income. B. personal income. C. net domestic product. D. aggregate spending.