The source of all four classic hyperinflations was high rates of money growth
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is an example of intraindustry trade?
A) Trading peanut oil for tractors B) Trading crude oil for automobiles C) Trading Nokia smartphone for Apple iPhones D) Trading jeans for cotton
If one is interested in comparing the economic well-being of citizens across countries which of the following measures would be the most useful: nominal GDP, real GDP, or real GDP per capita? Explain
What will be an ideal response?
If an economy produces 1200 apples, 1500 pears and 1000 oranges and the price of apples is 25c each, the price of pears is 30c and the price of oranges is 25c. The Euro value of output will be:
(a) 1000; (b) 1150; (c) 1300; (d) Cannot be computed.
Disclosure laws:
A. are an example of how government attempts to assert control over what we eat. B. can result in information overload. C. always help solve information asymmetry, but can cause other problems. D. All of these statements are true.