Suppose China Airlines wants to purchase a French Airbus. The price of the Airbus is 95 million Euro. If the exchange rate is 1 euro per 9 yuan, the price of this airplane to China Airlines is
A) 855 million yuan.
B) 85.5 million yuan.
C) 11.11 million yuan.
D) 10.6 million yuan.
A
You might also like to view...
In a monopsonistic market
A) employment is lower but wages are higher than in a comparable competitive market. B) employment is higher but wages are lower than in a comparable competitive market. C) both employment and wages are higher than in a comparable competitive market. D) both employment and wages are lower than in a comparable competitive market.
Which of the following will increase interest rates in the short run?
a. an decrease in reserve requirements b. the sale of bonds by the Federal Reserve in the open market c. a decrease in real GDP d. an decrease in the price level
Which of following is a key assumption of a perfectly competitive market?
A) Firms can influence market price. B) Commodities have few sellers. C) It is difficult for new sellers to enter the market. D) Each seller has a very small share of the market. E) none of the above
The aggregate demand curve for an economy depicts the:
a. quantity of goods and services demanded during a given time period at different interest rates, other things held constant. b. quantity of goods and services demanded at different price levels during different time periods, other things held constant. c. quantity of goods and services demanded at different price levels during a given time period, other things held constant. d. quantity of goods and services that the economy is capable of producing during a given time period, other things held constant. e. final quantity of goods and services actually produced by the economy during a given time period, other things held constant.