This topic contains a solution. Click here to go to the answer

Author Question: If a rich country grows at a faster rate than a poor one, then A) the gap in their standard of ... (Read 111 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
If a rich country grows at a faster rate than a poor one, then
 
  A) the gap in their standard of living will widen over time.
  B) the gap in their standard of living will close over time.
  C) the difference in their living standards will not change over time.
  D) whether or not the living standards gap widens or closes over time depends on the absolute size of the relative growth rates.

Question 2

Last year the exchange rate between U.S. dollars and Mexican pesos was 10 pesos per dollar. Today is it 11 pesos per dollar. Here, the dollar ________ against the peso, and the peso ________ against the dollar
 
  A) appreciated; depreciated
  B) depreciated; appreciated
  C) appreciated; appreciated
  D) depreciated; depreciated



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mholman93

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

A




mspears3

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
Gracias!


mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

For a complete list of videos, visit our video library