Assume the following exchange rates for today: $1=140 yen and 1 Danish krone = $0.10. We can conclude
A) 1 yen = 280 kr.
B) 1 yen = 14 kr.
C) 1 kr. = 28 yen.
D) 1 kr. = 14 yen.
D
You might also like to view...
Since World War II, the share of total income going to the bottom 20 percent of U.S. households has
A) fallen by 20 percent. B) increased by 10 percent. C) remained constant. D) more than doubled.
Which of the following usually results from high rates of unemployment?
a. decreased social tensions b. increased stock prices c. decreased political turnover during elections d. decreased potential output of goods
Full employment is
A. the unemployment level when the normal friction in the economy is taken in account. B. when all adults looking for work can find full time occupation. C. when the unemployment level is reduced to the goal set by Congress. D. zero unemployment.
A perfectly competitive firm does not try to raise its price above the market price because
A. its competitors would not permit it. B. this would be considered unethical price chiseling. C. its demand curve is inelastic, so total revenue will decline. D. it would not be able to sell its output.