Refer to the scenario above. If India pegs the exchange rate at 70 rupees per dollar, it will require ________ rupees to repay the loan in dollars
A) 700,000 B) 70 C) 70,000 D) 7,000
A
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The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is $2, Cathy's marginal utility per dollar from the 3rd Mt. Dew is ________ units per dollar
A) 20 B) 10 C) 32.5 D) 40
If you were a supply-side economist, you would argue that
a. reductions in government spending cut basic public goods, such as roads which hurts the private sector, particularly private investment b. increases in government spending stimulates the economy as a whole which would include the private sector c. increases in government spending cause private sector investment to fall because the government competes with the private sector for investment funds and this leadsto higher interest rates d. reductions in government spending cause private sector investment to fall because the government raises interest rates by borrowing e. increases in private consumption is good for the private sector of the economy and for the government as well because people with more income pay more tax
A monopolist's average revenue is always
a. equal to marginal revenue. b. greater than the price of its product. c. equal to the price of its product. d. less than the price of its product.
A persistently declining price level resulting from economic growth and unchanged aggregate demand is called
A. supply-side deflation. B. demand-side deflation. C. ozian deflation. D. secular deflation.