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Author Question: A persistent surplus of pounds at a given fixed exchange rate (in dollars per pound) is evidence ... (Read 224 times)

Destiiny22

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on: Jun 29, 2018
A persistent surplus of pounds at a given fixed exchange rate (in dollars per pound) is evidence that the pound is ________ versus the dollar. This surplus can be reduced or eliminated through a ________ of the pound.
 
  A) overvalued; revaluation B) overvalued; devaluation
  C) undervalued; devaluation D) undervalued; revaluation

Question 2

An outward shift of a nation's production possibilities frontier represents
 
  A) a situation in which a country produces more of one good and less of another.
  B) an impossible situation.
  C) economic growth.
  D) rising prices of the two goods on the production possibilities frontier model.


yeungji

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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