An individual in the US wants to buy a car from England which costs 12,00 . pounds. If the exchange rate is $1.75/pound, how much will it cost him in dollar terms?
a. $21,000
b. $6,800
c. $12,000
d. Need more information
a
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Critics of the Fed's unconventional policies in 2009 and 2010 argued that determining which financial institutions would be bailed out and which would be allowed to fail was a political decision that rightfully belonged to Congress
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying table. Julia's opportunity cost of making a cake is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 5/6 of a cake. B. 60 cakes. C. 6 cakes. D. 6/5 of a cake.
Chief executive officers (CEOs) of large American corporations:
A. have higher average salaries than CEOs of similar-size firms in other industrial nations. B. have similar salaries, on average, to CEOs of similar-size firms in other industrial nations. C. are, on average, older than CEOs of similar-size firms in other industrial nations. D. are, on average, younger than CEOs of similar-size firms in other industrial nations.
Based on Scenario 6.1 above, if a tariff of 20 percent is placed on imports of dining room tables, and another tariff of 50 percent is placed on imports of wood and parts, then the effective rate of protection on tables made in the United States is
A) 70 percent. B) 50 percent. C) 20 percent. D) 12.5 percent.