Two variables that systematically change together are correlated.
Answer the following statement true (T) or false (F)
True
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Globalization benefits all the participating nations equally
a. True b. False Indicate whether the statement is true or false
Price discrimination by a firm is
A. illegal under all circumstances. B. legal if the firm can show that the difference in the prices charged customers is justified by a difference in the costs of serving them. C. legal if the firm can show that the demand for its good is relatively elastic. D. legal under all circumstances.
This table shows the price-level adjustment as compared to the United States. CountryPrice-Level AdjustmentAustralia-0.50China0.25Mexico0.34United States0.00According to the information in the table shown, if someone were earning $30,000 in the United States, approximately what would they have to earn in China to have the same standard of living?
A. $22,500 B. $40,000 C. $7,500 D. $15,000
An increase in the value of a currency relative to other currencies is called a(n):
A. overvaluation. B. appreciation. C. evaluation. D. devaluation.