If 1 U.S. dollar exchanges for 7.89 South African rand, how much would it cost in rand to purchase a Dell P.C. priced at $795?
What will be an ideal response?
795 x 7.89 = 6,272.55 rand
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Futures contracts are marked-to-market
A) every day. B) every week. C) every month. D) every quarter.
Inflation is measured by an increase in:
a. homes, autos and basic resources. b. prices of all products in the economy. c. the consumer price index (CPI). d. None of the answers are correct.
In the simplified circular flow diagram, leakage can occur when consumers save some income.
Answer the following statement true (T) or false (F)
A firm in a perfectly competitive market:
A. must take the price that is determined in the market. B. must reduce its price if it wants to sell a larger quantity. C. must be large relative to the total market. D. can exert a major influence on the market price.