Assume the following exchange rates for today: $1=140 yen and 1 Danish krone = $0.10. We can conclude

A. 1 kr. = 14 yen.
B. 1 kr. = 28 yen.
C. 1 yen = 14 kr.
D. 1 yen = 280 kr.


Answer: A

Economics

You might also like to view...

A decrease in price of a certain good most likely will lead to

A. an increase in quantity demanded and an increase in the demand for that good. B. an increase in quantity demanded but no change in the demand for that good. C. an increase in demand but no change in quantity demanded. D. no change in demand and no change in quantity demanded.

Economics

Exports are not included in GDP because they do not reflect domestic consumption

a. True b. False Indicate whether the statement is true or false

Economics

In the figure above:

A. point A, where MR = AC, represents the point where the difference between total revenue and total cost is the largest. B. triangle ABC represents the welfare loss to the society because of the monopoly in the market. C. if the firm is producing an amount QC (point C), it is maximizing profit because MC = AC at that point. D. point B, where MR = MC, represents the point where the difference between total revenue and total cost is the largest.

Economics

In analyzing land rent, David Ricardo constructed a model based on

A. perfectly elastic demand for land. B. land being available in infinite quantities. C. the supply of land being perfectly inelastic. D. a perfectly elastic supply of land.

Economics