If the Mexican peso appreciates against the U.S. dollar
A) Mexican exports will become cheaper in the United States.
B) Mexican exports will become more expensive in the United States.
C) U.S. exports will become more expensive in Mexico.
D) there will be no change in the price of Mexican imports in the United States.
B
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Two variables are negatively correlated if:
A. they move in the same direction. B. they move in the opposite direction. C. their movements tend to be unrelated. D. one is simply a multiple of the other.
Which of the following is a method of reducing the poverty trap?
a. Imposing requirements for work as a condition of receiving benefits b. Ensuring that government benefits are increased gradually over time c. Reducing government benefits by an amount equal to income earned d. Providing a guaranteed minimum income for all needy recipients
Which of the following statements is true regarding a simple pricing rule for monopoly and monopolistic competition?
A. P[EF/(1 + EF)] = MC B. P[(1 + EF)/EF] = MC C. P = [(1 + EF)/EF]MC D. All of the statements associated with this question are correct.
Refer to Exhibit 2-7. Which of the following statements is true?
A. If the economy's PPF is represented by PPF1, points A and B are productive efficient, while C and D are unattainable. B. Point F is more efficient than point D. C. Points B and D are more efficient than points A and C. D. If the economy's PPF is represented by PPF2, points C and D are productive efficient, while A and B are unattainable.