If relative purchasing power between the United States and Argentina is 3.22 pesos per dollar, under which circumstances would we say that the dollar is "overvalued"?
A) if the actual exchange rate between the dollar and the Argentinean peso is 3 pesos per dollar
B) if the actual exchange rate between the dollar and the Argentinean peso is 4 pesos per dollar
C) if the actual exchange rate between the dollar and the Argentinean peso is 3.22 pesos per dollar
D) if the actual exchange rate between the dollar and the Argentinean peso is 0.22 pesos per dollar
B
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An example of a supplier that used its bargaining power to charge high prices to its customers is
A) the firms that supply paper napkins to McDonald's restaurants. B) the publishers of the Encyclopedia Britannica. C) Wal-Mart, which required many of its suppliers to alter their distribution systems to accommodate Wal-Mart's need to control the flow of goods to its stores. D) the Technicolor Company, the sole producer of cameras and film that movie studios needed to produce color movies in the 1930s and 1940s.
The demand for loanable funds has a ________ slope because the lower the interest rate, the ________ number of investment projects are profitable, and the ________ the quantity of loanable funds demanded
A) negative; greater; greater B) negative; lesser; greater C) negative; greater; lesser D) positive; lesser; lesser
Collective bargaining refers to negotiations between: a. representatives of employers and unions. b. unions and government regulators
c. consumers and producers. d. employers and consumers.
The inflation rate is calculated
a. by determining the change in the price index from the preceding period. b. by determining the change in the price index from the base year. c. by determining the percentage change in the price index from the preceding period. d. by determining the percentage change in the price index from the base year.