In the U.S. a television costs $400 . In South Africa the same television costs 3000 rand (the currency of South Africa). The nominal exchange rate is 8 rand per dollar. A. Find the real exchange rate. Show your work. B. In terms of dollars where is the television cheapest?

Why do banking panics normally lead to recessions?

What will be an ideal response?

The main advantage of using multiple regression analysis over differences in means testing is that the regression technique

A) allows you to calculate p-values for the significance of your results. B) provides you with a measure of your goodness of fit. C) gives you quantitative estimates of a unit change in X. D) assumes that the error terms are generated from a normal distribution.