Between 1947 and 2011,
A) Exports decreased and imports decreased.
B) Exports and imports increased.
C) The current account surplus rose.
D) The current account deficit fell.
B
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We can expect deviations from PPP because of
A) quotas and tariffs. B) transportation costs. C) differentiated goods. D) All of the above.
Which of the followings is NOT a current duty of the Board of Governors of the Federal Reserve System?
A) setting margin requirements, the fraction of the purchase price of the securities that has to be paid for with cash B) setting the maximum interest rates payable on certain types of time deposits under Regulation Q C) approving the discount rate "established" by the Federal Reserve banks D) voting on the conduct of open market operations
Per capita income in China is approximately ________% of the U.S. level
A) 17 B) 80 C) 40 D) 5
The correlation coefficient
A) lies between zero and one. B) is a measure of linear association. C) is close to one if X causes Y. D) takes on a high value if you have a strong nonlinear relationship.