China began pegging its currency, the yuan, to the U.S. dollar in 1994. Because the yuan has been ________ at the pegged exchange rate, the Chinese government ________ its reserves of U.S. dollars as the government purchased more ________ to maintain the pegged exchange rate.

A) undervalued; increased; dollars
B) undervalued; decreased; yuan
C) overvalued; decreased; yuan
D) overvalued; increased; yuan

Ans: A) undervalued; increased; dollars

Economics

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The marginal revenue product of capital is

A) the change in the firm's revenue as a result of employing one more unit of capital, such as a machine. B) the economic rent received by hiring an additional unit of capital. C) the cost to the firm of renting an additional unit of capital. D) the revenue generated by substituting capital for labor in the production process.

Economics

Refer to Table 20-19. Looking at the table above, what is the rate of growth of the average price level from 2014 to 2015?

A) 1% B) 2% C) 3% D) 4% E) 5%

Economics