Which statement is false?
A. Throughout the 1980s, the Soviet Union devoted most of its capital and talent to its military establishment rather than to market reform.
B. In the late 1970s, China began reforms, which eventually transformed it to a more market-oriented economy.
C. Russia has been more successful than China in becoming a market-oriented economy.
D. None of these statements are false.
C. Russia has been more successful than China in becoming a market-oriented economy.
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Which of the following is associated with a less elastic demand curve?
a. availability of many close substitutes b. a greater amount of time for consumers to respond to a price change c. a smaller percentage of income spent on the good in question d. all of the above
Inflation-targeting means that the central bank is legally required to focus only on keeping inflation high
a. True b. False Indicate whether the statement is true or false
Currently, college graduates are earning about ____ more than high school grads over the course of their careers.
A. $100,000 B. $1,000,000 C. 25 percent D. 60 percent
If UIP holds and if the home currency is expected to depreciate, then:
a. the home interest rate must be greater than the foreign interest rate. b. interest rates cannot be changing. c. the home interest rate must be less than the foreign interest rate. d. Not enough information is provided to answer the question