When a government intentionally lowers the value of its currency, that is called depreciation
a. True
b. False
Indicate whether the statement is true or false
False
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Economic growth is supported by
A) the rule of law. B) competent and honest government officials. C) an educated populace. D) openness to international trade and investment. E) all of the above.
A "false negative" is
a. When you incorrectly conclude that your hypothesis is true b. When you incorrectly conclude that your hypothesis is false c. When you correctly conclude that your hypothesis is true d. When you correctly conclude that your hypothesis is false
The current empirical evidence indicates that
a. changes in the earth's cloud cover will clearly enhance the warming effects of carbon dioxide. b. the increase in carbon dioxide, over thousands of years, is definitely the cause of global warming. c. if global warming continues as most models predict, then in the next 100 years the sea levels clearly will rise by more than 10 feet. d. none of the above is true.
Real wages have fallen in the U.S. since 1973 for which of the following reasons?
A. Productivity growth slowed down during this period. B. American factories were closing left and right as our relatively high-paying manufacturing jobs went to other countries. C. The decline in the percentage of better-paid, unionized workers in the United States. D. All of the choices are correct.