?When a series has the same average growth rate from period to period, then it can be approximated by an exponential trend.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: When a series has the same average growth rate from period to period, then it can be approximated by an exponential trend.
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When the exchange rate between dollars and pounds moves from $2 = 1 pound to $1 = 1 pound, we say that the dollar has ________.
A. appreciated B. inflated C. depreciated D. deflated
If the government sector is running a deficit of $120 million and the private sector is running a surplus of $200 million, then net exports equal
A) $80 million surplus. B) $320 million surplus. C) $80 million deficit. D) $320 million deficit.
According to Figure 2.5, the United States civilian employment ratio in June 2013 was ________
A) 66.7% B) 43.8% C) 59% D) 64.0% E) none of the above
Amanda, age 6, opens a lemonade stand. She makes all the lemonade from a mix she found in her parents' pantry. Her stand is an old box she found in the garage. The pitcher and paper cups were taken from the kitchen. Which of the following is true?
a. The opportunity cost of the lemonade is zero. b. The only opportunity cost of the lemonade is Amanda's time. c. Amanda's explicit costs are zero. d. The implicit costs of Amanda's lemonade are zero. e. Whatever revenue Amanda gets will be pure economic profit.