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A regional free trade agreement will benefit the world only when the amount of trade it diverts exceeds the amount of trade it creates. ( )

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If the spot exchange rate is £1=$1. 50 when the market opens and £1=$1. 48 at the end of the day, the dollar has appreciated, the pound has depreciated. ( )

An inefficient market is one in which prices do not reflect all available information. ( )

It was claimed that the strength of the Gold standard was that itIt was claimed that the strength of the Gold standard was that it contained a powerful mechanism for achieving balance of trade equilibrium. ( )

MNEs can hedge against currency fluctuations by dispersing production to different locations around the globe. ( )

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