The 2005-2008 Chinese policy with respect to the Yuan has been to
a. allow its currency to float.
b. allow its currency to rise in value quickly.
c. allow its currency to rise in value slowly.
d. allow its currency to fall in value slowly.
e. allow its currency to fall in value quickly.
C
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If you were building a macroeconomic model that explores the effect of the aging population on the needed expenditure for Social Security and Medicare, the exogenous variable(s) would be the
A) aging population. B) needed expenditure on Social Security. C) needed expenditure on Medicare. D) needed expenditure on both Social Security and Medicare.
Which of the following relationships implies that a firm's short-run cost function is linear?
A) MC = AC B) MC = AVC C) AC = AFC + AVC D) MC > AC
The derived demand curve for a good component will be more inelastic
A) the larger is the fraction of total cost going to this component. B) the more inelastic is the demand curve for the final good. C) the more elastic are the supply curves of cooperating factors. D) the less essential is the component in question.
Which statement is true?
A. In both the 19th century and the since the 1980s we borrowed from foreigners to finance both capital expansion and consumption. B. In neither the 19th century nor since the 1980s we borrowed from foreigners to finance both capital expansion and consumption. C. In the 19th century we borrowed from foreigners to finance capital expansion and since the 1980s we borrowed to finance consumption. D. In the 19th century, we borrowed from foreigners to finance consumption and since the 1980s we borrowed to finance capital expansion.