Multiple Choice
The price of one good in relation to the price of another good is called:
A) absolute prices
B) exchange rate
C) relative prices
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q75: Jim,a U.S.citizen,works only in Croatia.The value added
Q76: The largest component of national income is:<br>A)compensation
Q77: A problem with the CPI is the
Q78: An economy that has a domestic and
Q79: Balance of payments issues are related to
Q81: In a circular-flow diagram,total income and total
Q82: If one is interested in comparing the
Q83: Distinguish between real and nominal GDP.Which one
Q84: Changes in the natural rate of unemployment
Q85: Macroeconomics studies the following topics:<br>A)national output, the