If the dollars-per-euro spot rate is 0.7750 and the 3 month forward rate is 0.7800, what is the amount of the standard forward discount or premium?
A) 2.58%
B) 2.56%
C) 7.69%
D) 7.74%
A
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All else constant, an improvement in technology would cause a firm's total, average and marginal product functions to increase (graphically, shift up)
Indicate whether the statement is true or false
Which of the following will most likely happen when better technology is used in production?
A) an upward movement along the production possibilities curve B) an outward shift of the production possibilities curve C) an inward shift of the production possibilities curve D) a downward movement along the production possibilities curve
Official poverty rates in the last 40 years have
A) fallen dramatically. B) risen dramatically. C) stayed roughly the same. D) been eliminated.
Which of the following correctly describe an economy's potential output level?
a. The maximum output level that is sustainable given available resources, technology, institutional constraints, and production incentives. b. The amount produced when there are surprises associated with the price level in an economy. c. The amount produced when there are surprises associated with the unemployment level in an economy. d. The maximum output level that is not sustainable given available resources, technology, institutional constraints, and production incentives.