Engineering Economics
The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______.

Currency devaluation
Currency float
Currency depreciation
Currency appreciation

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost
Did the estimators precisely evaluate site conditions
Did the estimators use short cut methods which may be unrealistic in their situation
All of these

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Engineering Economics
Using factor method, the depletion at any given year is equal to:

Initial cost of property divided by the number of units sold during the year
Initial cost of property divided by the total units in property
Initial cost of property times number of unit sold during the year divided by the total units in property
Initial cost of property times number of units sold during the year

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