The Price-Specie-Flow Mechanism

question 138

Multiple Choice

The price-specie-flow mechanism

• A) is an automatic mechanism for assuring external balance under floating exchange rates.
• B) is an automatic mechanism for assuring external balance under the gold standard.
• C) is an automatic mechanism for assuring internal balance under floating exchange rates.
• D) is an automatic mechanism for assuring internal balance under the gold standard.
• E) is an automatic mechanism for assuring internal balance under mercantilism.

Identify the appropriate use of Type I and Type II errors in statistical analysis.

Comprehend the meaning and importance of statistical power in hypothesis testing.

Understand the correlation between variables and formulate null hypotheses.

Recognize and select appropriate statistical tests for nominal level data analysis.

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