« previous next »

Author Question: Assume that at the beginning of 2012, one dollar could be traded for 5 yuan. If in 2013 one dollar ... (Read 63 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
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.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


juiceman1987

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Mel Chin, Operation Paydirt/Fundred Dollar Bill Project. Mel Chin, Operation Paydirt/Fundred Dollar Bill Project.
The correct beginning position for the patient’s feet and crutches (tripod position). The correct beginning position for the patient’s feet and crutches (tripod position).
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Observed change in surface temperature from 1901 to 2012 Observed change in surface temperature from 1901 to 2012
Jump Right In: Essential Computer Skills Using Microsoft Office 2013 (2nd Edition) Jump Right In: Essential Computer Skills Using Microsoft Office 2013 (2nd Edition)
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library