« previous next »

Author Question: A persistent surplus of pounds at a given fixed exchange rate (in dollars per pound) is evidence ... (Read 258 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
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

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

The overlapping relationship among research, evidence-based practice The overlapping relationship among research, evidence-based practice
Evidence for a Coincidence Detector in the Brain of a Barn Owl Evidence for a Coincidence Detector in the Brain of a Barn Owl
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
The respiratory system and the process of gas exchange The respiratory system and the process of gas exchange
Exchange of Oxygen and Carbon Dioxide Exchange of Oxygen and Carbon Dioxide
Forces affecting capillary exchange Forces affecting capillary exchange
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library