Which of the following expressions represents the dollar price of foreign currency?
A) EP/P
B) EP/P
C) 1/E
D) E
E) none of the above
B
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If the demand is ________, a fall in price ________ total revenue
A) elastic; increases B) elastic; decreases C) inelastic; increases D) inelastic; does not change
Suppose a total of? 2,500 students are allowed in the engineering programs at all of the colleges in a particular city. From the previous three? years' record, it shows that the number of students who enroll in the entrance exam for the engineering program increases if there is an increase in the number of IT recruiters the previous year.This year there is a total of? 3,200 students who have enrolled to take the entrance exam of which only up to? 2,500 of those who passed would get in. Based on either the? students' perspective or the college? perspective, what combination of economic key concepts does the situation? follow?
A. Equillibrium and empiricism B. Optimization and empiricism C. Optimization, equillibrium, and empiricism D. Optimization and equillibrium
If a good that generates negative externalities were priced to take these negative externalities into account, its
A. price would remain constant and output would increase. B. price would increase but its output would remain constant. C. price would increase, and its output would decrease. D. price would decrease, and its output would increase.
When did major currencies begin floating against each other, ending the Bretton Woods system?
What will be an ideal response?