If Chinese consumers want to buy US goods, they will
a. Buy Yuan and sell US Dollars
b. Sell Yuan and buy US Dollars
c. Neither buy nor sell Yuan
d. Neither buy nor sell dollars
b
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Based on the example provided by the authors, what is the key factor that explains much of the growing inequality in wages paid to different types of workers in the U.S. since 1980?
A) Changes in the gender composition of the work force B) Changes in the age distribution of the work force C) Differences in computer and data analysis skills D) Changes in the geographic concentration of workers
?The number of overidentifying restrictions equals the total number of exogenous variables in the system plus the total number of explanatory variables in the equation.
Answer the following statement true (T) or false (F)
Precautionary saving is saving:
A. done in anticipation of sales or bargain in the future. B. for the purpose of leaving an inheritance. C. for protection against unexpected setbacks, such as the loss of a job or a medical emergency. D. to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
One of the business revolutions of the 1980s is "just in time" inventory, a system where businesses estimate their requirements for raw materials and keep no more on hand than is necessary to complete that period's production. What affect did the change to "just in time" inventory have on short-term supply elasticities?
What will be an ideal response?