A Devaluation Switches Expenditures from Foreign to Domestic Commodities and Can

question 52

True/False

A devaluation switches expenditures from foreign to domestic commodities and can be used to correct a deficit in the nation's balance-of-payments.

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Definitions:

Reliability

The extent to which a test yields consistent results, as assessed by the consistency of scores on two halves of the test, or on retesting.

Mental Age

A measure of an individual's cognitive ability compared to the average cognitive ability for their chronological age.

Heredity

The genetic transmission of characteristics from parents to offspring, determining certain physical or behavioral traits.

Mental Age

A measure of an individual's mental aptitude based on the average abilities of people at a certain chronological age, irrespective of the person's actual chronological age.