Referring to Figure 18.2, the peso is likely to depreciate if the exchange rate is either ________ or ________ pesos to the dollar.
A. 10; 11
B. 11; 12
C. 12; 13
D. 13; 14
Answer: A
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The economy's marginal social benefit curve for a public good is calculated by adding the
A) marginal cost of all the suppliers at each quantity. B) quantities supplied by all the suppliers at each price. C) quantities demanded by all the individuals at each price. D) marginal benefits of all the individuals at each quantity.
Refer to Table 9-11. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
A) 40.08 B) 100 C) 180 D) 208
The horizontal and vertical axes of the Lorenz curve respectively measure:
a. total income and total expenditure as cumulative percentages. b. total income and total population as cumulative percentages. c. total population and total expenditure as cumulative percentages. d. total expenditure and total income as cumulative percentages. e. total population and total income as cumulative percentages.
Define the Taylor rule.
What will be an ideal response?