If you are traveling in Thailand and you purchase a meal that costs 1,400 baht and the current exchange rate is 35 baht to the dollar, then the price of the meal in U.S. currency is
A. $400.
B. $40.
C. $4.
D. $0.40.
Answer: B
Economics
You might also like to view...
Over time, the percentage of total employment in services has ________ and in agriculture, employment has ________
A) increased; increased B) decreased; increased C) stayed about the same; decreased D) stayed about the same; increased E) increased; decreased
Economics
Which type of restriction on quantity of imports is the most transparent?
A) Quota B) Licensing requirements C) Voluntary export restraints D) Government procurement policies
Economics
The portion of aggregate expenditure that is independent of output is called ________ expenditure.
A. actual B. potential C. autonomous D. planned
Economics
Describe the pressures that discourage trade.
What will be an ideal response?
Economics