If 40 rupees = $1, then one rupee = _____________.
Fill in the blank(s) with the appropriate word(s).
$.025
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Which of the following is typically considered a fixed cost by academic book publishers but a variable cost by companies that print books?
A) postage and supplies B) wages and salaries C) travel D) rent
Answer the following statements true (T) or false (F)
1. A decrease in investment can cause a decrease in the price level without affecting total output. 2. The level of total output and the price level can be affected by changes in consumption. 3. Total output and the price level may decline simultaneously. 4. If inventories are accumulating, income must be greater than spending. 5. A situation where exports exceed imports can cause total output to increase.
The interest rate at which commercial banks lend to their customers with the best collateral is known as
a. prime rate. b. federal funds rate. c. discount rate. d. T-bill rate.
Ceteris paribus, which of the following is true about the concept of crowding out?
A. It increases the private sector's ability to raise the level of output. B. It occurs when spending increases are matched with tax increases. C. It does not affect the private sector's ability to raise the level of output. D. It reduces the private sector's ability to raise the level of output.