Intraindustry trade can lead to lower prices and job creation in both the exporting and the importing nation
Indicate whether the statement is true or false
TRUE
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Which of the following would cause E1 to move to E2?
a. P1 moving to P2 and D2 moving to D1
b. S1 moving to S2 and Q2 moving to Q1
c. P1 moving to P2 and Q1 moving to Q2
d. S1 moving to S2 and D2 moving to D1
In the case where the spot and forward rates are equal, the currency is said to be selling
A) profitably. B) flat. C) normal. D) risky.
A variable toll on a road in Washington reached a high during the evening rush hour of $5.75 . This toll bought the drivers who paid it a 27 minute time savings. Which of the following is correct?
a. For some consumers, the toll was less than the opportunity cost of the time they would have spent in traffic. b. For some consumers, the toll was more than the opportunity cost of the time they would have spent in traffic. c. No consumers would find this toll worth the time saved in traffic. d. Both a and b are correct.
Which of the following is true of Chow test?
A. It is a type of t test. B. It is a type of sign test. C. It is only valid under homoskedasticty. D. It is only valid under heteroskedasticity.