The Big Mac index is a measure of how well the purchasing power parity theory works
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Suppose 60% of U.S. trade is with England and the rest is with Japan. If the dollar rises by 20% against the pound but falls by 20% against the yen, what is the percentage change in the effective exchange rate of the United States?
a. -12% b. -4% c. ±0% d. -8%
Economics
The portion of a country's overall assets that is directly related to the environment, such as forests and soil quality, is known as
(a) environmental capital. (b) debt for nature swaps. (c) protected areas. (d) common property assets.
Economics