When a Japanese businesswoman traveling in the United States asks, "How many U.S. dollars can I get for these yen?" she wants to know the
A. Currency trade rate.
B. Exchange rate.
C. Gold standard rate.
D. Terms of trade.
Answer: B
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In the calculation of a country's GDP per capita, the entire population of the country is included, irrespective of age
a. True b. False Indicate whether the statement is true or false
Some nations avoid the effects of trade deflection in a trade bloc by enforcing
A) trade deflection. B) trade diversion. C) quotas. D) rules of origin.
When increasing its output results in falling costs, a firm that can adjust all inputs is experiencing
A. loss. B. diseconomies of scale. C. capital gains. D. economies of scale.
Before 2008, money market mutual funds and hedge funds had been out of Fed's scope and control because they did not rely on customer deposits
a. True b. False Indicate whether the statement is true or false