The forward exchange rate is relevant to transactions ________
A) that require an immediate transfer of funds
B) that require a future transfer of funds
C) that involve a transfer of funds within a corporate entity
D) crossing state lines
B
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The American manufacturers of Pet milk unknowingly introduced their product in French-speaking markets without realizing that the word pet in French means "to break wind." Likewise, the English-speaking representative of a U.S. soft-drink manufacturer naively drew laughs from Mexican customers when she offered free samples of Fresca soda pop, because in Mexican slang the word fresca means "lesbian." These are examples of ________.
The International Monetary Fund (IMF) was created to achieve each of the following goals EXCEPT
A) to help finance economic development in poor countries. B) to lend funds to countries having difficulties meeting their international payment obligations. C) to encourage convertibility of member countries' currencies. D) to supervise exchange-rate practices of member countries.
All of the following are components of aggregate demand EXCEPT
A) consumption spending. B) government purchases. C) the level of technology. D) net foreign spending on domestic production.
For a monopoly, when the price effect outweighs the quantity effect of increased production:
A. total revenues will increase. B. the demand must be price inelastic. C. marginal revenue must be increasing. D. All of these statements are true.