The consumers that the CPI is based on includes:
A. unemployed persons in urban areas.
B. "urban consumers."
C. professors.
D. All of these are included.
Answer: D
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Read the following statements and determine if they are true or false
I. According to the quantity theory of money, an increase in the growth rate of the quantity of money increases inflation in the long run. II. Historical and international data show that there is no correlation between inflation and money growth. A) I and II are both true. B) I and II are both false. C) I is true and II is false. D) I is false and II is true.
When a developing country relies on export promotion,
a. it concentrates on producing for its domestic market b. it builds its technological and educational base and then can make more complex products for export c. domestic producers have sufficient protection that they can afford to become inefficient d. its government must intervene more in markets e. None of the answers is correct