A balance of payments crisis is best described as A. a sharp change in foreign reserves sparked by a change in expectations about the future exchange rate. B. a sharp change in foreign reserves sparked by a change in expectations about the level of imports. C. a sharp change in interest rates sparked by a change in expectations about the level of imports. D. a sharp change in foreign reserves sparked by a change in expectations about domestic production. E. a sharp change in interest rates sparked by a change in expectations about the level of exports.

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach