In the absence of trade between the two countries, the price of rice in the U.S. in terms of radios would tend to be
A. 1/2.
B. 1/5.
C. 200.
D. 500.
B. 1/5.
You might also like to view...
Each of the following would decrease the demand for U.S. dollars, shifting the demand curve for dollars to the left, except:
A. a decrease in real GDP abroad. B. a decreased preference for U.S.-made goods. C. a decrease in the real interest rate on U.S. assets. D. a depreciation of foreign currencies relative to the U.S. dollar.
With respect to income redistribution programs, what is meant by "The Big Tradeoff," and what causes it?
What will be an ideal response?
The labor force equals the number of people
A) in the working-age population. B) employed. C) unemployed. D) employed plus unemployed.
The marginal revenue product curve is:
a. c and d are correct. b. c and e are correct. c. given by the marginal product curve multiplied by the price of the good. d. the marginal contribution of an additional worker to firm's revenues. e. the change in total cost that results from employing an additional worker.