A weak currency can be an indication of a slow-growing economy. 1) True 2) False Question 3 (4 points) It is cheaper to hire a plumber locally than to hire a plumber from Australia. This fact violates the law of one price. 1) True 2) False Question 4 (4 points) Ceteris paribus, an appreciation of a country's currency will lead to an increase in its exports. 1) True 2) False Exchange rates follow a random walk. 1) True 2) False