If a strong, persistent trend in the exchange rate appears to be inconsistent with any form of economic fundamentals, it is called

According to this Application, a study of municipalities in Latin and South America found that a one degree Celsius rise in temperature was associated with

A) no measurable change in per capita income. B) a decline in municipal per capita income. C) a small decline in real income and a small increase in per capita real income. D) a slight increase in municipal per capita income.

The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for assembling a car is not technologically efficient?

A) T-1 B) T-2 C) T-3 D) T-4