A Chinese person reads The China Financial Times and notes that the exchange rate, dollars per yuan, is 9 . An American reading The Wall Street Journal sees the same rate expressed in yuans per dollar and it is
a. 9
b. 0.90
c. 90
d. 0.11
e. 0.09
D
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Several national fast-food chains offer "kids' meals" with free giveaway toys, something many independent, local establishments cannot afford to do. The national chains are
A) engaging in predatory pricing. B) selling meals below cost. C) distributing toys below cost. D) engaging in anti-competitive behavior because the independents cannot afford to give away toys. E) almost certainly doing none of the above.
The nominal interest rate approximately equals which of the following?
A) the real interest rate minus the inflation rate B) the real interest rate plus the inflation rate C) the real interest rate minus the growth rate of real GDP D) the real interest rate plus the growth rate of real GDP
If American demand for purchases of British goods has decreased, how would you expect the equilibrium exchange rate in the market for dollars to respond? Support your answer graphically
What will be an ideal response?
Natural resources are examples such as __________ ?
a. Humans, buildings, cars; houses b. None of the mention resources c. Trees, body of waters; minerals d. goods, services, knowledge; cars