One World View article, "The Risks of China's Foreign-Exchange Stockpile," states that
A. The dollar is undervalued.
B. The reserves of foreign exchange in China can cause inflation in China.
C. The trade imbalance is due to an overvalued yuan.
D. China's reserves of currency can cause deflation in China.
Answer: B
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Which of the following is an assumption of the Lewis two-sector model?
a. surplus labor in the rural sector b. high unemployment in the urban modern sector c. rising real urban wages d. rising marginal product of labor in the rural sector
The roots of the European Union are in agreements within the coal and steel industries
Indicate whether the statement is true or false
You own two different energy drink brands with similar elasticities: "Blue Cow" and "600 minute energy.". If you reduce the price on "Blue Cow", you can only increase your total sales if
a. Prices for "600 minute energy" are increased b. Prices for "600 minute energy" are reduced c. Prices for "600 minute energy" stay constant d. None of the above
Most students expect that if they spend more time studying, the outcome will be improved grades in the course. This supposes that: a. a positive relationship exists between studying and grades. b. a negative relationship exists between studying and grades. c. grades are independent variables
d. grades are not dependent variables.