If 40 Russian rubles = $1 U.S.,
A. 1 ruble = $.025
B. 1 U.S. cent = 4 rubles
C. 40 U.S. cents = 100 rubles
D. $4 = 120 rubles
A. 1 ruble = $.025
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Pat earns $25,000 per year (after taxes), and Pat's spouse, Chris, earns $35,000 (after taxes). They have two pre-school-aged children. Childcare for their children costs $12,000 per year. Given that Chris doesn't want to stay home with the kids, regardless of what Pat does, Pat should stay home with the kids if, and only if, the value of Pat spending more time with the kids is greater than:
A. $37,000 per year. B. $13,000 per year. C. $25,000 per year. D. $12,000 per year.
All of the following are real quantities except the:
A. millions of computer chips shipped to computer makers. B. tons of steel shipped to South America. C. number of new cars produced in one year. D. billions of dollars invested in stocks.
When forecasting interest rates and the direction of monetary policy, economists often examine the
A) Federal Deposit Insurance Corporation Report. B) Economic Report of the President. C) Federal Advisory Council Statement. D) Federal Open Market Committee directive.
What do you mean by Coase theorem?