Suppose China Airlines wants to purchase a French Airbus. The price of the Airbus is 95 million Euro. If the exchange rate is 1 euro per 10 yuan, the price of this airplane to China Airlines is

A) 950 million yuan.
B) 10.52 million yuan.
C) 10 million yuan.
D) 9.5 million yuan.


A

Economics

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

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Which of the following would be most likely to cause the per capita income of less-developed countries to rise?

A. development of strong labor unions B. more rapid population growth C. investment expenditures that enhance the human capital of labor force participants D. an international minimum wage law

Economics

What is the difference between ordinal and cardinal measurement?

What will be an ideal response?

Economics

Marginal revenue equals marginal cost at an output of 20 units. At this output, marginal revenue equals $20, average variable cost equals $15, and average total cost equals $25. In the short run, a profit-maximizing firm will earn a profit of

A. -$200. B. -$100. C. $200. D. $400.

Economics