Considerable day-to-day volatility in major exchange rates is caused by
A) shifts in tastes or preferences for domestic versus foreign goods.
B) international capital mobility and expectations of future exchange rates.
C) sudden changes in productivity in one nation versus others.
D) highly variable inflation rates in some industrialized countries.
B
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The Civil War was a result of
(a) the dispute over slave ownership in the South. (b) attempts to keep slaves out of the West. (c) attempts to protect state rights over federal control. (d) all of the above.
The Added Perspective in the text refers to the success—or lack of success—of econometric computer models as an aid in economic forecasting. It argues that they have
a. sharpened forecasts to such an extent that they are almost 100 percent reliable b. eliminated all "errors and omissions" in forecasting models c. worsened the success to non-success ratio of economic forecasts d. led to better predictions but still cannot forecast major "turning points" e. not led to better predictions except in forecasting major "turning points"
If wages for accountants rose, then accountants' leisure time would have a lower opportunity cost
a. True b. False Indicate whether the statement is true or false
If the total cost of producing 19 wizzbies is $38,000 and the total cost of producing 20 wizzbies is $39,000, the average total cost of producing the 19th wizzbie is approximately
A. $1,000. B. $19,000. C. $38,000. D. $2,000.