Screening refers to
a. private schools selecting only the students who are easiest to teach
b. employers requiring a high-school diploma as a way of rejecting unqualified applicants
c. governments deciding who should receive health care
d. universities using standardized testing to decide who should enter
e. none of the above
B
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If the exchange rate changes from 1.00 euro per dollar to 1.10 euro per dollar, the dollar has
A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.
The ratio of consumption to income is known as ________
A) the average propensity to consume B) the borrowing constraint C) the marginal propensity to consume D) subprime accommodation