This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a fixed exchange rate system, speculation regarding an expected revaluation or devaluation of a ... (Read 143 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
In a fixed exchange rate system, speculation regarding an expected revaluation or devaluation of a currency makes it more difficult to maintain the existing exchange rate.
 
  Indicate whether the statement is true or false

Question 2

Comment on the following statement: The shape of a firm's long-run average cost curve is determined by both external and internal economies (or diseconomies) of scale.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

The statement is false. The shape of a firm's long-run average cost curve is solely determined by internal economies (or diseconomies) of scale. External economies (or diseconomies) of scale shift the firm's long-run average cost curve.


geodog55

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

external structure of female reproductive system external structure of female reproductive system
Urinary system. Urinary system.
Endocrine system. Endocrine system.
Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ... Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ...
Elimination, System of Linear Equations Elimination, System of Linear Equations
Sympathetic and Parasympathetic Nervous System Sympathetic and Parasympathetic Nervous System
Video: Tuberculosis Testing

For a complete list of videos, visit our video library