If a Vulcan importer has to write a 4,000 Vulcan bucks check to cover a $200 purchase from the United States, the exchange rate is
A. 200 Vulcan bucks to a dollar.
B. 100 Vulcan bucks to a dollar.
C. 20 Vulcan bucks to a dollar.
D. 10 Vulcan bucks to a dollar.
C. 20 Vulcan bucks to a dollar.
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Which of the following is an advantage of? corporations?
A. Longevity B. Managerial demands C. Simplicity D. Reporting requirements E. Potential for conflict
Refer to Scenario 9.3 below to answer the question(s) that follow. SCENARIO 9.3: Investors put up $520,000 to construct a building and purchase all equipment for a new restaurant. The investors expect to earn a minimum return of 10 per cent on their investment. The restaurant is open 52 weeks per year and serves 900 meals per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly). Included in the fixed costs is the 10% return to the investors and $1,000 per week in other fixed costs. Variable costs include $1,000 in weekly wages and $600 per week for materials, electricity, etc. The restaurant charges $5 on average per meal. Refer to Scenario 9.3. Economic profit per week is
A. ?$400. B. $0. C. $600. D. $900.
Refer to the labor market diagram where D is the labor demand curve, S is the labor supply curve, and MRC is the marginal resource (labor) cost curve. If an inclusive union was formed and was able to get the monopsonist to agree to a $7 wage rate, then the monopsonist would:
A. reduce employment from 5 to 3 workers.
B. reduce employment from 5 to 2 workers.
C. increase employment from 3 to 5 workers.
D. not alter its level of employment.
Automatic fiscal stabilizers
a. keep the federal budget balanced. b. keep the federal high employment budget balanced. c. help to reduce the severity of recessions and inflationary boom periods. d. increase structural deficits over the business cycle. e. both c and d.