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 112 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
Thanks for the timely response, appreciate it


bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

For a complete list of videos, visit our video library