In 2003, which of the following currencies was used in Iraq?
a. Swiss dinar
b. Saddam (or print) dinar
c. American dinar
d. Swiss dinar and Sad dam (or print) dinar
Ans: d. Swiss dinar and Sad dam (or print) dinar
You might also like to view...
An unemployed individual decides to spend the day fishing. The opportunity cost of fishing is
A) zero, because the person doesn't have a job. B) the cost of bait, any other monetary expenses, and the value of the individual's wages while he was working. C) the cost of bait and any other monetary expenses. D) the cost of bait, any other monetary expenses, and the value of the best alternative use of the individual's time.
The present value of a fixed-payment loan is calculated as the ________ of the present value of all cash flow payments
A) sum B) difference C) multiple D) log
The exchange rate is the:
A. value of one currency expressed in terms of another currency. B. reciprocal of the currency's real value. C. value of one currency expressed in terms of the goods and services it can buy. D. value of currency adjusted for inflation.
What is the marginal net benefit associated with producing five units of the control variable, Q (identify point F in the table)?Control variableTotal BenefitsTotal CostsNet BenefitsMarginal BenefitMarginal CostMarginal Net BenefitQB(Q)C(Q)N(Q)MB(Q)MC(Q)MNB(Q)0000---190010080090010080021,700300C80020060032,4006001,800700E4004A1,0002,00060040020053,5001,5002,000500500F63,9002,1001,800D600-20074,2002,8001,400300700-40084,400B800200800-60094,5004,5000100900-800104,5005,500-1,00001,000-1,000
A. -100 B. -75 C. 100 D. 0