An index of the weighted exchange value of the U.S. dollar versus the currencies of a broad group of major U.S. trading partners is called:
A) trade-weighted dollar.
B) exchange-weighted dollar.
C) dollarization.
D) bilateral dollar.
A
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The mean income of 25 employees working in a firm is $1,754 per month. What is the total income of all the employees?
A) $63,950 B) $43,850 C) $56,225 D) $40,000
In a small open economy, goods market equilibrium occurs when desired saving minus desired investment equals net exports. Explain
What will be an ideal response?
A market has four individuals, each considering buying a grill for his backyard. Assume that grills come in only one size and model. Abe considers himself a grill-master, and finds a grill a necessity, so he is willing to pay $400 for a grill. Butch is a meat-lover, honing his grilling skills, and is willing to pay $350 for a grill. Collin just met the girl of his dreams, and she loves a good grilled steak, so in his effort to impress her he is willing to pay $320 for a grill. Daniel loves grilled shrimp and thinks it might be cheaper in the long run if he buys a grill instead of eating out every time he wants grilled shrimp, so he is willing to pay $200 for a grill.
If the market price of grills is $320, given the scenario described, Abe's consumer surplus would be: A. $400. B. $350. C. $320. D. $80.
Judging from their statements, which of the following people is most likely to support supply-side economic policies?
a. Savana, who says government should increase corporate taxes to make the rich pay their fair share b. Leonardo, who says the government should spend more money to finance social welfare programs c. Brenda, who says government should ease its oversight of most types of businesses d. Octavio, who says the government should tax capital gains at regular income rates