Read this news report about a planned devaluation of the bolivar, the currency of venezuela. the president of venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. the official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. by increasing the bolivar value of exports of oil to the us and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations. in response to the announcement, the people of venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases. by devaluating the bolivar, the president of venezuela has followed the law of supply and demand. allowed the exchange rate to remain unchanged. increased the number of bolivars needed to buy one dollar. decreased the number of bolivars needed to buy one dollar.

The third alternative is correct.

The change is the way to measure the value between the currencies of different countries. This is because the currency of another country is treated as any good, which changes in value. These changes usually happen by the free supply and demand for the currency, but in some cases the government intervenes, as it happened in Venezuela.

When the exchange is devalued, it means that more Venezuelan money (bolivares) are needed to buy a dollar. If the bolivar appreciates, less will be necessary to buy a dollar. The government of that country intervened in the economy to devalue, that is, the citizens of that country will need more money to buy a good that is imported in dollars.

the answer is c, all the other options are things they are known for.

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the award is named for an american naval historian and theorist, rear admiral alfred thayer mahan, united states navy who, through his writing, provided stimulus and guidance to those who share in the defense of the nation.