A decrease in the nominal exchange rate, e, defined as the number of units of the foreign currency that one unit of the domestic currency will buy, indicates that the domestic currency has ________ relative to the foreign currency.
A. become undervalued
B. become overvalued
C. depreciated
D. appreciated
Answer: C
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A cost center is
a. evaluated based on minimizing costs within the division b. evaluated based on maximizing costs within the division c. evaluated based on minimizing profits generated by the division d. evaluated based on maximizing profits generated by the division
In 2017, the U.S. median income for a family of four was about $61,000.
Answer the following statement true (T) or false (F)
The term "linear" in a multiple linear regression model means that the equation is linear in parameters.
Answer the following statement true (T) or false (F)
The figure below represents the effects in the labor markets due to migration. Here, the world has been divided into a high-income "North" (left panel) and a low-income "South" (right panel). Dn and Sn are the labor demand and the labor supply curves in North. Ds and (Sr + Smig) are the labor demand and pre-migration labor supply curves in South. Sr is the post-migration labor supply curve in South. The value c is the cost of migrating.
The migration cost on a per hour basis is
A. $2.50. B. $1.25. C. $4.25. D. $6.75.