Refer to Table 29-2. Given the following exchange rates in the above table, what are the exchange rates stated as U.S. dollars per Mexican peso and U.S. dollars per British pound respectively?
A) 0.10 dollars per peso and 2.00 dollars per pound
B) 0.10 dollars per peso and 5.00 dollars per pound
C) 1.00 dollars per peso and 20.00 dollars per pound
D) 0.01 dollars per peso and 0.50 dollars per pound
E) 0.01 dollars per peso and 0.20 dollars per pound
A
You might also like to view...
If a country is trying to recover from a recent recession, it is unlikely their government officials will decide to ________ because it would ________
A) raise interest rates; decrease aggregate demand B) institute a tax cut; increase aggregate demand C) raise interest rates; increase aggregate demand D) increase taxes; increase aggregate demand E) lower interest rates; decrease aggregate demand
Perfectly competitive firms are price takers
Indicate whether the statement is true or false
When taxes on the return to capital in a given economy are reduced, it causes firms to employ __________ capital goods. In terms of the production function (graphed with labor on the horizontal axis and Real GDP on the vertical axis), this then causes ____________________ which makes the LRAS curve shift ____________ resulting in ______________________
A) less; the production function to shift downward; leftward; a shrinking economy B) more; the production function to shift upward; rightward; economic growth C) more; a movement up along a given production function; rightward; economic growth D) more; a movement down along a given production function; leftward; a shrinking economy
Theatres charge lower prices for a matinee and usually don't accept coupons for the night showing of movies because
A) consumers that attend the matinee have a higher price elasticity of demand. B) consumers that attend the night show have a lower price elasticity of demand. C) it increases profits compared to charging a single price. D) All of the above.