When the exchange rate between pounds and dollars moves from $2 = 1 pound to $1 = 1 pound, we say that the dollar has:
A. Depreciated
B. Appreciated
C. Inflated
D. Deflated
B. Appreciated
Economics
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The input that is generally hard to measure directly and consequently can be reasonably estimated with the growth accounting equation is:
A. technology. B. physical capital. C. labor. D. land.
Economics
When people prefer to obtain medical, or legal services from white males, although they charge high prices for their services, it is termed as:
a. producer prejudice. b. employer prejudice. c. worker prejudice. d. occupational segregation. e. consumer prejudice.
Economics
What is one argument made by proponents of in-kind transfers over cash payments to the needy?
Economics
Which of the following is a merit good?
A. Food. B. Cigarettes. C. A computer operating system. D. Local telephone service.
Economics