We expect PPP to hold better
A) for annual data than monthly data.
B) for high-inflation countries.
C) in the long run.
D) All of the above.
D
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Which of the following decreases the supply of popcorn?
A) a decrease in the price of popcorn B) an increase in the price of popcorn C) a technological advance in the production of popcorn D) a decrease in the number of popcorn producers
____________are generally associated with labor and raw materials.
Fill in the blank(s) with the appropriate word(s).
Consider a world of two countries facing opportunity costs and producing only wheat and cloth. In one hour, residents of Country A can produce a maximum of either 1 unit of wheat or 0.5 unit of cloth, whereas residents of Country B can produce a maximum of either 0.3 unit of wheat or 0.4 unit of cloth. Country B should export
A. wheat and cloth; country A should not export anything. B. cloth and country A should export wheat. C. wheat and country A should export cloth. D. nothing and country A should export both wheat and cloth.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.