The amount of one currency that must be paid to obtain one unit of another currency is the ________________.
Fill in the blank(s) with the appropriate word(s).
foreign exchange rate
Economics
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The additional cost to a producer of hiring an additional unit of labor is called the marginal cost
Indicate whether the statement is true or false
Economics
High gasoline prices give people all of the following incentives EXCEPT
A) to drive less. B) to car pool. C) to buy a hybrid car. D) to take vacations that require driving more miles.
Economics
Keisha can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. The opportunity cost of one unit of Y for Keisha is
A) 5 units of X. B) 0.2 units of X. C) 3 units of X. D) 1/2 unit of X. E) none of the above
Economics
Describe how a demand-pull inflation can occur
What will be an ideal response?
Economics