What is meant by imperfect information?
What will be an ideal response?
Imperfect information is the absence of full knowledge regarding product characteristics, available prices, and so forth.
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A currency's spot exchange rate against every other individual currency is known as a ________ exchange rate, and the exchange rate which shows how a currency is changing relative to a group of other countries' currencies is known as a ________
exchange rate. A) nominal; real B) unilateral; bilateral C) nominal; parity D) bilateral; multilateral
When Pam from Pennsylvania buys stock in Ford Motor Co., she is contributing to:
A. domestic portfolio investment in the U.S. B. capital outflow for the U.S. C. capital inflow for the U.S. D. foreign direct investment for the U.S.
If a country made it easier for people to establish and prove the ownership of their property, real GDP per person would likely rise
a. True b. False Indicate whether the statement is true or false
Dollar prices and relative prices are both nominal variables
a. True b. False Indicate whether the statement is true or false