If the U.S. real exchange rate is greater than 1, then there is the possibility of arbitraging by buying foreign goods to sell in the U.S
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Money or goods that parents leave to their children in their wills are referred to as:
A) bequests. B) interest. C) charity. D) social responsibility.
Katie wanted to buy a new car. However, she could not decide on a model that suited her needs and was affordable at the same time
She finally decided to buy a Porsche when she learned that two of her colleagues had bought them, although its price exceeded the money she had saved for her car. Explain her behavior.
An affordable housing law will affect a city's housing prices only if:
a. the demand for houses in the city is downward sloping. b. the demand for houses in the city is almost horizontal. c. the demand for houses in the city is almost vertical. d. the demand for houses in the city is backward bending.
A monopolist is able to sell 5 units of output at $2.50 per unit and 6 units of output at $3.50 per unit. It will produce and sell the sixth unit if its marginal cost is:
a. $8.90. b. $8.50. c. $8.35. d. $8.00.