When switching from the "current exchange rate" method to the "purchasing power parity" method, India's standard of living in dollars
A) decreases.
B) remains essentially the same.
C) rises, but still remains far below that of the U.S.
D) rises almost to the level of the U.S.
E) leapfrogs over that of the U.S.
C
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Third-degree price discrimination occurs when:
A) different groups of consumers are charged different prices. B) consumers are charged different prices at different points of time. C) consumers are charged different prices according to their willingness to pay. D) consumers are charged different prices based on the characteristics of their purchases.
The replacement ratio measures
a) The number of people in work who could be made redundant without affecting the size of the economy b) The number of people in employment relative to those unemployed c) the benefits available relative to wages that could be earned d) The number of people voluntarily unemployed
The balance of payments records transactions between:
(a) Households and firms in a particular country. (b) Residents of one country and the rest of the country. (c) Residents of one country and the rest of the world. (d) Between residents of all EU countries only.
Blue Skies Bank has a required reserve ratio of 18 percent. If it receives a deposit of $80,000, it must keep ______ of it in reserve.
a. $4,444 b. $18,000 c. $65,600 d. $14,400