The world price of a good refers to the quantity of one good exchanged for a unit of another good.
Answer the following statement(s) true (T) or false (F)
Ans: False
You might also like to view...
Exchange rates under the Bretton Woods system were determined by relative supplies of gold held by countries within the system
Indicate whether the statement is true or false
Upon graduating from high school you have a job offer which would provide you with $20,000 in income for the coming year. You have also been accepted to Isaac and Avery college. Tuition for the coming year at I&A college is $15,000 . room and board is $10,000 and you expect that books will cost you $2,000 . What is the opportunity cost of attending I&A college?
a. $37,000 b. $27,000 c. $20,000 d. $32,000 e. $47,000
Which of the following is not considered a major player in the financial system?
A. Banks B. Savers C. Businesses D. Labor unions.
A simultaneous improvement in the technology used to produce computers and increase in the number of buyers in the computer market would cause the equilibrium price of computers to drop but have an uncertain effect on equilibrium quantity
Indicate whether the statement is true or false