If exchange rates are fixed, then an increase in Canada's export prices causes
A. Canadian import prices to fall.
B. U.S. import prices to fall.
C. Canadian import prices to rise.
D. U.S. import prices to rise.
Answer: D
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Refer to the scenario above. What is the present value of the gift voucher for Jim?
A) 12 utils B) 22.5 utils C) 90 utils D) 180 utils
The present value of $100 to be received in a year is
A) less than $100 and falls as the interest rate rises. B) less than $100 and rises as the interest rate rises. C) more than $100 and falls as the interest rate rises. D) more than $100 and rises as the interest rate rises.
Suppose you purchase a call option with a strike price of $85 for an options price of $10 How much profit will you earn if you exercise it when the price is $100?
What will be an ideal response?
A local property tax is a tax on ________, while a tax on your salary is a tax on ________.
A. a flow; income B. a residential holding; a flow C. a flow; a stock D. a stock; a flow