Under Purchasing Power Parity
A) E$/E = PUS/PE.
B) E$/E = PE/PES.
C) E$/E = PUS + PE.
D) E$/E = PUS - PE.
E) E$/P = PUS/PE.
A
You might also like to view...
Figure 5-5 shows a consumer budget line for French fries and hamburgers. The household allocates a budget for these two goods. If the price of an order of french fries is $2, how much income is allocated to fries and burgers combined?
A. $2 B. $4 C. $10 D. $20
In the long run, a firm can vary
A) its capital but not its labor. B) its labor but not its capital. C) both its labor and its capital. D) neither its labor nor its capital.
Any improvement in overall production technology that permits more output to be produced with the same level of inputs causes
A) a movement up the supply curve resulting in both a higher equilibrium price and quantity. B) a rightward shift of the supply curve so that more is offered at each price. C) no movement of the supply curve, but a fall in price and a decrease in quantity supplied. D) a leftward shift of the supply curve so that less is offered for sale at each price.
The power of the test is
A) dependent on whether you calculate a t or a t2 statistic. B) one minus the probability of committing a type I error. C) a subjective view taken by the econometrician dependent on the situation. D) one minus the probability of committing a type II error.