If 1 U.S. dollar exchanges for 29.09 Russian Rubles, how much would it cost in rubles to purchase a Mariah Carey CD priced at $14.95?
What will be an ideal response?
14.95 x 29.09 = 434.90 rubles
You might also like to view...
A common resource is:
A. rival in consumption and excludable. B. not rival in consumption, but excludable. C. rival in consumption, but not excludable. D. not rival in consumption and not excludable.
American textile manufacturers and union members have often lobbied successfully for restrictive quotas limiting the importation of textile products. The major impact of these quotas is
a. a permanent reduction in unemployment in the United States. b. lower prices for American consumers and an improvement in the quality of textile products available. c. higher prices for American consumers, a narrower selection of products, and less competition in the U.S. textile industry. d. long-run profits in the U.S. textile industry that are substantially above market equilibrium.
Which of the following is not an example of price discrimination by a firm?
a. children's meals at a restaurant b. a natural gas company charging customers a higher rate in the winter than in the summer c. a senior citizens' discount d. coupons in the Sunday newspaper
Recall the four types of goods. Are national defense and basic research the same type of good? Briefly explain