Other things the same, the real exchange rate between American and French goods would be lower if
a. prices of French goods were higher, or the number of euros a dollar purchased was higher.
b. prices of French goods were higher, or the number of euros a dollar purchased was lower.
c. prices of French goods were lower, or the number of euros a dollar purchased was higher.
d. prices of French goods were lower, or the number of euros a dollar purchased was lower.
b
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What is the limitation of using exchange rate-based measures as indicators of the standard of living across countries?
What will be an ideal response?
Health insurance plans which typically reimburse doctors mainly by paying ________ are known as health maintenance organizations
A) an escalating fee based on the number of patients being treated B) a fee for each individual service provided C) a fee for each individual office visit D) a flat fee per patient
In one week, Mohammed can knit 5 sweaters or bake 240 cookies. In one week, Tetah can knit 15 sweaters or bake 480 cookies. Mohammed and Tetah would produce the maximum quantities of cookies and sweaters if
a. Mohammed knitted and baked and Tetah did nothing b. Tetah knitted and baked and Mohammed did nothing c. Mohammed knitted and Tetah baked d. Tetah knitted and Mohammed baked e. Mohammed knitted and baked and Tetah just knitted
Elizabeth Savoca estimated that for every 1 percent increase in tuition costs at a college, 2.4 percent fewer students applied to that college. This indicates that the elasticity of applying to college is:
A. unit elastic. B. elastic. C. perfectly inelastic. D. inelastic.