If the value of the Euro changes from €1.1 per peso in 2009 to €1.27 per peso in 2012, we can say that there has been a(n) _____ in the value of the Euro between 2009 and 2012
a. appreciation
b. devaluation
c. depreciation
d. acceleration
c
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Conditions of today's developed countries at the start of their industrialization differ from conditions in the developing world in that
a. population growth rates were higher. b. more advanced technology was available. c. there were more opportunities for development assistance. d. none of the above.
The goods and services that count toward GDP are:
A. defined in terms of the location of production, not the citizenship of the producer. B. anything produced by a nation’s citizens, regardless of who owns it. C. citizens producing things no matter where they produce it. D. things like stocks and bonds issued by a corporation.
The classical approach to a downturn in the business cycle was for the government to do nothing
a. True b. False Indicate whether the statement is true or false
Which of the following is least likely to be considered a capital input?
A) a sewing machine B) a tractor C) a telephone D) a ten dollar bill