When Exxon Mobil reports record profits of more than $10 billion per quarter, we know
A) other oil companies must be struggling.
B) consumers must be paying high prices at the pump.
C) consumers must have lost $10 billion in surplus.
D) all of the above.
E) none of the above follow from the information given.
E
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Why might high levels of spending on education in a developing country not be associated with development success?
What will be an ideal response?
Everything else held constant, a decrease in the value of the dollar relative to all foreign currencies means that the price of foreign goods purchased by Americans
A) increases B) decreases. C) remains unchanged. D) either increases, decreases, or remains unchanged.
The majority of transactions in foreign exchange markets involve ________
A) transactions one the New York Stock Exchange B) exchanging one set of physical notes for another C) exchanging bank deposits denominated in different currencies D) buying and selling Treasury securities
Which of the following countries has experienced the worst hyperinflation since 2005?
a. Brazil b. Russia c. China d. Zimbabwe