If it takes 118 Japanese yen to buy one dollar, then how many dollars does it take to buy one euro?
A) $0.0085
B) $1.18
C) $0.85
D) $0.01286
E) There is not enough information to answer the question.
E
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The upward trend in the U.S. labor force participation rate the past 50 years is explained by
A) the increase in the population. B) the increase in the male labor force participation rate. C) the increase in the number of discouraged workers. D) the increase in the female labor force participation rate. E) Both answers B and D are correct.
Corporations produce most of the output in the United States.
Answer the following statement true (T) or false (F)
A person goes into a store and buys a computer for $1,210. In this case, price is acting as a
A) resource. B) good. C) rationing device. D) capital instrument. E) factor of production.
Money demand depends on
a. the price level and the interest rate. b. the price level but not the interest rate. c. the interest rate but not the price level. d. neither the price level nor the interest rate.