It presently costs 50 Canadian dollars for a lift ticket at Whistler Ski Resort in British Columbia. If the current value of the Canadian dollar is 0.68 U.S. dollars, how many U.S. dollars does it cost to ski at Whistler?
A. $16.00
B. $34.00
C. $73.50
D. $156.25
Answer: B
You might also like to view...
What is the idea of fairness based on fair rules?
What will be an ideal response?
When some firms leave a perfectly competitive market, the price:
A. increases, and profits of those left fall. B. falls, and profits of those left rise. C. falls, and profits of those left fall. D. increases, and profits of those left rise.
The sticky-price theory helps explain what feature of the aggregate demand and aggregate supply model?
Larry has a comparative advantage over his classmates in writing term papers if he:
A. has a lower opportunity cost of writing term papers than his classmates. B. has an absolute advantage in writing term papers. C. can write term papers faster than his classmates. D. always earns an A on his term papers.