Certain religious texts prohibit charging interest to people who borrow. This is a form of
a. minimum pricing
b. rationing
c. target pricing
d. price ceiling
e. price floor
D
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If the market rate of interest is 8% per year, what is the present value of an amount of $10,000 to be received after: a) five years. b) ten years
What will be an ideal response?
An American good with a price tag of $89 costs 809 pesos. The exchange rate must be approximately
A) $11.00 = 1 peso B) $0.11 = 1 peso C) $0.89 = 1 peso D) $0.09 = 1 peso E) none of the above
If the price of imported inputs suddenly rises,
a) we buy less, so aggregate demand falls b) we pay more for the same quantity, so aggregate demand rises c) we substitute domestic sources of inputs, so aggregate demand rises d) our ability to produce is reduced, so aggregate supply shifts inward e) GDP in unaffected because imports are netted out of gross domestic product
If 1 U.S. dollar exchanges for 7.89 South African rand, how much would it cost in rand to purchase a Dell P.C. priced at $795?
What will be an ideal response?