Assume that Currency 1 appreciated in terms of Currency 2 . Which of the following statements is always true?
a. Currency 2 appreciated as well in terms of currency 1.
b. Currency 2 may have appreciated or depreciated in terms of currency 1.
c. Currency 2 depreciated in terms of currency 1.
d. Currency 2 appreciated in terms of any currency.
e. Currency 2 depreciated in terms of any currency.
.C
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All of the following are examples of institutions that promote real economic growth EXCEPT
A) complex rules associated with business licensing used to promote careful business growth. B) patent laws that protect innovation. C) an efficient judicial system used to enforce contracts. D) strong law enforcement used to protect business interests.
For a single restriction (q = 1), the F-statistic
A) is the square root of the t-statistic. B) has a critical value of 1.96. C) will be negative. D) is the square of the t-statistic.
For a price ceiling to be binding, it
a. cannot be determined. b. is the same as the equilibrium price. c. must be above the equilibrium price. d. must be below the equilibrium price.
About ______ percent of China's population lives in rural areas.
A. 5 B. 25 C. 50 D. 67