If the exchange rate changes from $0.08 = 1 mexican peso to $0.09 = 1 mexican peso, then
A) the peso has depreciated and the dollar has appreciated.
B) both the peso and dollar have appreciated.
C) both the peso and dollar have depreciated.
D) the peso has appreciated and the dollar has depreciated.
D
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The Green Revolution has not resulted in
a. reduced food prices b. increased yields c. more irrigation d. more agricultural research e. The Green Revolution has resulted in all of the above.
The W = MRP ethic states that individuals are paid according to the value of their opportunity cost
Indicate whether the statement is true or false
All of the following are shortcomings of GDP as a measure to human well-being except it:
a. Excludes black market and underground transactions. b. Excludes quality improvements that do not increase price or quantity sold. c. Excludes the value of leisure time. d. Counts harmful and dangerous output the same as useful output. e. Excludes international transactions.
Which of the following terms depends on people re-depositing the money that they receive in the banking system?
a. Money multiplier b. Savings and loan c. Central bank d. The creation of money