The figure above shows
A) a positive relationship.
B) a direct relationship.
C) a negative relationship.
D) no relationship between the variables.
C
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If it is said that a currency is overvalued against the dollar, it is meant that:
A) the dollar is worth more of that currency than it would have been under a fixed exchange rate regime. B) the dollar is worth less of that currency than it would have been under a fixed exchange rate regime. C) the dollar is worth less of that currency than it would have been under a flexible exchange rate regime. D) the dollar is worth less of that currency than it would have been under a managed exchange rate regime.
The official poverty definition may ____ the level of poverty because it does not include ____
a. overstate; cash benefits b. overstate; noncash benefits c. understate; cash benefits d. understate; noncash benefits