The price of one country's currency in terms of another's is called
a. the interest rate.
b. the inflationary premium.
c. the discount rate.
d. the exchange rate.
D
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The owners of the resource ________ are paid ________
A) land; wages B) labor; profit C) capital; rent D) capital; interest E) entrepreneurship; wages
The ________ states that the nominal interest rate equals the real interest rate plus the expected rate of inflation
A) Fisher equation B) Keynesian equation C) Monetarist equation D) Marshall equation
Vertical contracts between manufacturers and retailers often aim to
a. Prevent the manufacturers from upstream price discrimination b. Reward the manufacturer for undertaking the risk inherent in introducing a new product c. Serve as a "signal" of the manufacturer's belief of the likely success of his product d. All of the above
If marginal utility is positive, then total utility is:
a. constant. b. negative. c. increasing. d. decreasing. e. zero.