How many dollars do you need to buy a Swedish Kronor (SEK) when the exchange rate is $1 = 6.429 SEK?
a. $0.016
b. $1.056
c. $0.649
d. $0.156
e. $1.56
d
You might also like to view...
Which of the following leads to a lower rate of capacity utilization in a firm, assuming all else equal?
A) An increase in the number of workers in the firm B) An increase in the demand for the firm's product C) A decrease in the number of workers in the firm D) A decrease in the price of the firm's product
Refer to Table 9-19. Looking at the table above, what is the approximate rate of growth of real average hourly earnings from 2014 to 2015?
A) 15% B) 4.4% C) -1.5% D) -4.8%
Figure 7-14
Of the long-run AC curves in Figure 7-14, which displays increasing returns to scale for all levels of output?
A. 1 B. 2 C. 3 D. 4
Other things constant, if wheat production is a price-taker industry, a decrease in the price of fertilizer used to grow wheat will
a. increase the supply of wheat. b. increase the demand for wheat. c. decrease the supply of wheat. d. do both a and b.