The effects of a decrease in export demand
A) is a powerful argument in favor of fixed rates.
B) is a powerful argument in favor of flexible rates.
C) shows the difficulties in determining which exchange rate is better.
D) is a powerful argument in favor of fixed rates only in the short run.
E) is a powerful argument in favor of fixed rates only in the long run.
B
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Doctors have ________ incentive to control their costs when consumers ________ for a visit to the doctor's office
A) more; have a third-party payer that pays B) less; pay entirely out of pocket C) less; only pay a deductible D) more; only pay a deductible
Assume that A and B are two events in the sample space such that Pr[A/B] is 2/3, Pr[B] is 1/4, and Pr[A] is 1/6 . Applying the Bayesian reasoning calculate the probability Pr[B/A]
a. Pr[B/A]=0 b. Pr[B/A]=0.75 c. Pr[B/A]=1 d. Pr[B/A]=0.5
Which of the following will most likely have the greatest effect on an individual’s consumption function?
A. Winning a small amount in the lottery B. A one-time tuition grant C. A week of high overtime pay D. An inheritance paying a modest annual dividend
Spending on new capital goods, new homes, and the addition of unsold goods to company inventories is included in:
A. service spending. B. government purchases. C. investment spending. D. consumption expenditures.