Please answer 21, 22, 23, & 24.

Gradebook Email ve Doc Sharing Dropbax J ournal Webliography Tech Support Help 21. The -3-curve effect' shows the initial deterioration and the eventual improvement of a country's trade balance following a currency depreciation. (Points: 3.5) O True O False 22. International reserve assets (Official reserve assets) are comprised of (Points : 3.5) O gold, damonds, foreign exchanges, and spedial drawing rights (SDRs) O reserve positions in the International Monetary Fund (IMF), only gn exchanges, special drawing rights (SDRs), and reserve positions in the International Monetary Fund (IMF) o gold, platinum, foreign exchanges, and special drawing rights (SDRs). Suppose the Great Britain is a major export market for your U.S.-based company and the British pound appreciates drastically against the U.S. dollar. This means O your company's products can be priced out of the U.K. market, as the pound price of American imports will rise following the peso's fall. (Points: 3.5) O your firm will be able to charge more in dollar terms while keeping pound prices stable. O your domestic competitors will enjoy a period of facing lessened price competition from U.K. imports your firm will be able to charge more in dollar terms while keeping pound prices stable and your domestic competitors will enjoy a period of facing lessened price competition from U.K. imports. 24. Which of the following statement is false? (Points : 3.5) O A multinational firm can be defined as a firm that incorporated in one country and has production and sales operations in several other countries. Under the theory of comparative advantage, liberalization of international trade will result in higher prices in the long run as monopolist are able to charge higher prices after eliminating their competitors Privatization refers to the process of a country divesting itself of the ownership and operation of a business venture by turning it over to the free market system. The common monetary policy for the euro zone is now formulated by the European Central Bank, 25. Jonathan has just completed transactions in France and England. He is now holding $300,000 and 150,000 and wants to convert to U.S. euro. His currency dealer provides this quotation: Bid Ask PPT Ch, 2 ppt Detailed, Explana..pptx Show allX