There is no longer much debate among economists concerning the severity of and the solution to the problems in using the CPI to measure the cost of living
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Refer to Table 11.1. If exports decrease by 30, what is the new equilibrium level of output?
A) 1,700 B) 2,300 C) 6,800 D) 9,200
When economists assume that people are rational, they are assuming that people generally agree what is good for human beings.
Answer the following statement true (T) or false (F)
What factors are not important in determining exchange rate fluctuations in the long run?
A) preferences for domestic and foreign goods across countries B) speculating in currency markets C) relative price levels across countries D) relative rates of productivity growth across countries
Which of the following is not associated with global poverty?
A. Prevalence of HIV. B. The inequality trap. C. Lack of education. D. Long life expectancy.