Which of the following statements best describes the effects of rapid movements in exchange rates?
a. Rapid movements from a weak to a strong exchange rate may cripple a country's export industries, while rapid movements from a strong to a weak exchange rate may cripple its banking sector.
b. Rapid movements from a weak to a strong exchange rate may cripple a country's banking sector, while rapid movements from a strong to a weak exchange rate may cripple its export industries.
c. Rapid movements from a weak to a strong exchange rate may cripple a country's export industries, while rapid movements from a strong to a weak exchange rate may cripple its import industries.
d. Rapid movements from a weak to a strong exchange rate may cripple a country's import industries, while rapid movements from a strong to a weak exchange rate may cripple its banking sector.
a. Rapid movements from a weak to a strong exchange rate may cripple a country's export industries, while rapid movements from a strong to a weak exchange rate may cripple its banking sector.
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Which of the following statements are false?
a. b and d. b. Marginal cost is always rising. c. Marginal and average total costs are equal at the most efficient production level. d. The AFC and AVC curves do not cross. e. The AFC and ATC curves do not cross.
Which of the following is true of basic research? a. Basic research is the search for knowledge that does not aim at answering a specific question
b. Basic research is research that is not complex since it addresses elementary questions. c. Basic research is research that seeks to apply scientific discoveries to the development of specific products. d. Basic research is the search for knowledge to solve a particular problem. e. Basic research is always funded by the central government of a country.