Which of the following is NOT a valid explanation for the failure of the data to support PPP? theory?
a. Differences in price level measurements across countries
b. Transportation costs
c. Departures from free competition
d. Trade barriers
e. Differences in monetary policies across countries
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A flight to quality refers to a shift by savers from
A) bonds and into stocks. B) stocks and into gold or other precious metals. C) bonds and into real assets, such as real estate. D) low-quality bonds and into high-quality bonds.
As the demand for corn increases to provide input for ethanol production, what is expected to happen to the price elasticity of corn supply?
A) It will decrease. B) It will become zero. C) It will increase. D) It will not change.
The Safe Drinking Water Act Amendments of 1996
a. govern U.S. water quality today b. established the Drinking Water State Revolving Fund (DWSRF) c. call for setting drinking water standards that are solely benefit based d. all of the above e. (a) and (b) only
Suppose air pollution creates a haze that obscures a previously clear view of a distant mountain range. This effect of pollution would be called
A. material and crop damage. B. a health impact. C. harm to environmental amenities. D. ecological damage.