Price indexes are necessary for turning a time series measured in real value into nominal value.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: Price indexes are necessary for turning a time series measured in nominal value into real value.
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Debt-for-nature swaps are most generally
(a) beneficial only to the developing country. (b) beneficial only to the developed country. (c) beneficial only to the bank which can write off the debt. (d) beneficial to all countries.
If at the profit-maximizing level of output, a monopolist's average-total-cost curve lies above its demand curve, then:
a. the firm should shut down in the short run. b. the firm would earn economic losses. c. the firm would earn economic profits. d. the firm should increase its output. e. the firm should decrease its output.
Demand shows
a. the various quantities people are willing and able to buy at various prices, ceteris paribus. b. the various quantities people are able and willing to buy at various prices. c. the various prices people face when buying. d. how much people buy at one specific price.
Which of the following is not included in a nation's balance of payments?
a. Imports and exports of services. b. International interest and dividend earnings. c. Total holdings of the central bank's international reserves. d. All of the above are included in the balance of payments.