True/False
If the price of apples is $1 per pound and the price of peaches is 50 cents per pound, then the relative price ratio of apples to peaches is 2.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q14: An important frequent assumption in economic theories
Q15: When economists use time-series data, they collect
Q16: The most frequently recognized and widely used
Q17: Adjusting for changes in prices allows us
Q18: Suppose that a positive relationship exists between
Q20: The CPI measures:<br>A) the number of housing
Q21: The reason that economists often use a
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10399/.jpg" alt=" Table 2.1 -Table
Q23: Which one of the following statements is
Q24: Road fatalities have increased in recent decades