The supply of Russian rubles to the foreign exchange market derives from
a. surplus rubles created by a favorable balance of trade in Russia
b. foreigners who exchange their currencies so they can buy French Russian goods
c. foreign firms that invest in Russia
d. the excess reserves in Russia held by foreign governments
e. Russian people who exchange rubles for other currencies so that they can buy other countries' goods
E
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Suppose Carmen buys ramen noodles. To determine whether ramen noodles are a normal or inferior good for her, we must observe how Carmen
A) responds to a change in the price of a substitute for ramen noodles. B) responds to a change in the price of a complement for ramen noodles. C) responds to a change in the price of ramen noodles itself. D) responds to a change in her income. E) responds to all of the above.
Suppose the per-unit production cost of a book is $4.00 and the retail price is $32
If the book publisher sells books to a bookstore at a 40 percent discount, what is the amount of the publisher's markup per book? Assume that bookstores sell books at the retail price. A) $12.80 B) $15.20 C) $19.20 D) $21.60
The CFNAI is a
A) leading index based on variables released with different frequencies. B) coincident index based on variables released with different frequencies. C) leading index based on 85 monthly variables. D) coincident index based on 85 monthly variables.
During the Great Depression, the unemployment rate rose to about
A. 15%. B. 25%. C. 40%. D. 50%.