In the market for Canadian dollars measured in US dollars, if the price of a Canadian dollar is 0.90 cents US, a US dollar is
a. 0.90 cents Canadian
b. 1 Canadian dollar
c. 1.11 Canadian dollars
d. 1.05 Canadian dollars
c
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Panasonic sends its HDTV salespeople to training sessions. This is an example of
A) a macroeconomic decision. B) scarcity. C) a firm investing in workers' human capital. D) entrepreneurshi
A production function is
a. a technique for determining the most profitable rate of output. b. the relationship between a combination of inputs and a quantity of output. c. an important factor in determining the shape of the long-run supply curve. d. All of these.
If a nation's current account is -$200 billion and its financial account (excluding its official settlements balance) is $175 billion, how much is its official settlements balance?
A) -$25 billion B) +$25 billion C) -$375 billion D) +$ 375 billion
Changes in business activity are
A) referred to as business fluctuations. B) referred to as the ebb and flow of business. C) always undesirable. D) caused by the changing seasons every year.