If one euro is equal to 0. 60 U.S. dollars, what would be the euro price of a car that costs $10,000?
A. 10,000 euros.
B. 60,000 euros.
C. 5,000 euros.
D. 16,667 euros.
Answer: D
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Use the following table to answer the next question. The base year is 2007. Hot DogsBaseballsBottles of SodaYearPriceQuantityPriceQuantityPriceQuantity2005$2.00100$5.0050$2.0010020064.001005.001002.0015020076.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Real GDP (constant dollars) for 2009 equals ________.
A. $5,000 B. $2,300 C. $3,600 D. $2,700
The model that states that individuals develop their inflation expectations after considering all the available information is referred to as the:
A) adaptive expectations model. B) marginal expectations model. C) composite expectations model. D) rational expectations model.
Which of the following products should be sold face-to-face rather than by mass advertising?
a. Breakfast cereals b. Health drinks c. A pharmaceutical which can only be understood by doctors d. A new brand of herbal cosmetics
A value-added tax or VAT is a tax on
a. retail purchases only. b. wholesale purchases only. c. pollution. d. all stages of production of a good.