If the nominal exchange rate between the American dollar and the New Zealand dollar is 1.36 New Zealand dollars per American dollar, how many American dollars are required to buy a product that costs 3.50 New Zealand dollars?

A) $2.14 B) $2.24 C) $2.57 D) $4.76


C

Economics

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In 2007 the real interest rate in the United States was 2 percent. By 2013, the equilibrium real interest in the United States was ________ because the ________

A) 0.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009 B) 0.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009 C) 3.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009 D) 3.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009 E) not yet calculated; effects of the financial crisis of 2008-2009 have not yet been tallied The figure above shows the demand for loanable funds curve.

Economics

Suppose that for Halim, the marginal utility of a baseball bat is 50 utils, the marginal utility of a tennis racket is 40 utils, and the marginal utility of an official NFL football is 30 utils. The baseball bat is $35.00, the tennis racket is $200, and the football is $100.00. What can you conclude from this information?

a. Halim will be more inclined to purchase a baseball bat. b. Halim will be more inclined to purchase a tennis racket. c. Halim will be more inclined to purchase a football. d. Halim is in consumer equilibrium regarding the three types of sports equipment.

Economics

If the U-shaped ATC curve is flattened out at its lowest point(s), we would have

A. diminishing returns. B. increasing returns. C. negative returns. D. proportional returns to scale.

Economics

"Recession" refers to a period when real GDP in the economy:

A. declines for at least six months. B. suffers due to political instability. C. grows rapidly. D. experiences a rise in living standards.

Economics