If Europe experienced an inflation rate greater than that experienced in the United States, ceteris paribus, then ______.
a. European goods would become relatively more expensive to U.S. consumers
b. Europeans would decrease the quantity of U.S. goods demanded
c. U.S. goods would become relatively more expensive to European consumers
d. U.S. residents would increase the quantity of European goods demanded
a. European goods would become relatively more expensive to U.S. consumers
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What will be an ideal response?
The primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are:
a. the coefficient of variation is easier to compute b. the standard deviation is a measure of relative risk whereas the coefficient of variation is a measure of absolute risk c. the coefficient of variation is a measure of relative risk whereas the standard deviation is a measure of absolute risk d. the standard deviation is rarely used in practice whereas the coefficient of variation is widely used e. c and d