The Highest Standard Deviations Are Found In

question 24

Multiple Choice

The highest standard deviations are found in:

• A)emerging countries where the currency is pegged to the currency of an industrialized nation.
• B)emerging countries where currencies are allowed to float freely.
• C)industrialized countries where there is great economic activity.
• D)industrialized countries where the currency is pegged.

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Definitions:

Operate

To control the functioning of a machine, process, or system.

Decreasing-Cost Industry

An industry where input costs tend to fall as the industry as a whole expands its output.

LRAC Curve

The Long Run Average Cost curve shows the lowest possible average cost of production at different levels of output when all inputs are variable.

Entry

The act or process of entering into a market as a new supplier or producer, often facing barriers such as high startup costs or regulations.