The nominal exchange rate is .80 euros per dollar and the real exchange rate is 4/3 . Which of the following prices for a particular good are consistent with these exchange rates?
a. $4 in the U.S. and 3 euros in Italy.
b. $4 in the U.S. and 3.75 euros in Italy.
c. $5 in the U.S. and 3 euros in Italy.
d. $6 in the U.S. and 2.50 euros in Italy.
c
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Fiscal policy is determined by the Federal Reserve System
Indicate whether the statement is true or false
Jim' burger produces 500 burgers per week. Each burger is priced at $3 . What is the marginal revenue of selling the 50th burger?
a. $3 b. $150 c. $147 d. It cannot be determined with the information given
Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and he can use 24 hours per day. What is the equation for the worker's opportunity set? (E is total earnings and L is leisure.)
A. E = 192 ? 8L B. E = 292 ? 8L C. E = 100 ? 8L D. None of the statements is correct.
What percentage of American families pay more payroll tax than they pay in income tax?
A. 40. B. 60. C. 75. D. 80.