If the unit of foreign currency is the peso, in which case is the real exchange rate 1.2?
a. the U.S. price is $2, the foreign price is 5 pesos, and the exchange rate is 3 pesos per dollar.
b. the U.S. price is $3, the foreign price is 18 pesos, and the exchange rate is 5 pesos per dollar.
c. the U.S. price is $5, the foreign price 12 pesos, and the exchange rate is 2 pesos per dollar.
d. the U.S. price is $10, the foreign price is 3 pesos, and the exchange rate is 4 pesos per dollar.
a
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To enforce the optimum level of emissions, a government could set an emissions fee, which would be
A) the dollar value indicated by the intersection of the MSB and MCA curves, and would apply to every unit of pollutants the firm emitted. B) the dollar value indicated by the intersection of the MSB and MCA curves, and would apply to every unit of pollutants the firm emitted above the standard. C) the vertical intercept of the MSB curve. D) the vertical intercept of the MCA curve. E) the vertical distance between the intercepts of the MSB curve and the MCA curve.
When a worker learns how to use a new business-related software program, this is an example of investing in:
A. the stock market. B. research and development C. human capital. D. physical capital.
To see if the effect of an explanatory variable has changed over a certain time period, we can interact the time dummy with that variable.
Answer the following statement true (T) or false (F)
A manager in charge of new product development can hire engineers and market researchers. The annual salary of an engineer is $30,000 and that of a market researcher is $20,000. The marginal contribution of engineers and market researchers are 
Given the above information, if the manager has an annual budget of $120,000, how should this budget be allocated in order to maximize the number of new products developed?
A. Hire two engineers and one market researcher. B. Hire three engineers and four market researchers. C. Hire three engineers and two market researchers. D. Hire two engineers and three market researchers.