Assume that at the beginning of 2012, one dollar could be traded for 5 yuan. If in 2013 one dollar was being traded for 6 yuan, it can be concluded that:
A) the dollar appreciated against the yuan and the yuan depreciated against the dollar in 2013.
B) the real exchange rate changed in 2013 assuming PPP holds.
C) the nominal exchange rate did not change in 2013.
D) the dollar depreciated against the yuan and the yuan appreciated against the dollar in 2013.
Question 2
Suppose that for a given firm, the increase in output resulting from the last worker hired is less than the increase in output of the previous worker hired. This is an example of
A) increasing return. B) capital deepening.
C) diminishing returns. D) constant returns.
The regions of the colon beginning with the cecum and ending at the anus.
Varicella or chickenpox, a viral skin infection. In this photograph, the rash is beginning to form s
When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Cleanse a linear wound by using a new sterile gauze pad for each stroke, beginning next to the wound ...
Leading Sites of Cancer Deaths in the United States, 2013
Computer Literacy for IC3, Unit 2: Using Productivity Software, Update to Office 2013 & Windows ...