When a U.S. importer needs $20,000 to settle an invoice for 228,000 Uruguayan pesos, the price of 1 dollar is 11.4 Uruguayan pesos
a. True
b. False
Indicate whether the statement is true or false
True
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Government officials facing the challenge of an election will tend to make decisions
A) acceptable to a majority whether or not the majority is informed on the issues. B) expressing the public interest. C) favoring the long run interests of the majority. D) that reflect a high rate of time discount.
If green bikes and brown bikes are perfect substitutes, the corresponding indifference curves
A) are horizontal. B) intersect each other. C) are vertical. D) have constant slope.
The U.S. government banned cigarette advertising on radio and television after January, 1971 . You would expect to find that after the ban took effect the price of magazine ads for
a. all goods fell. b. only cigarettes fell. c. all goods rose. d. only cigarettes rose.
The aggregate demand curve of an economy illustrates the relationship between _____
Fill in the blank(s) with the appropriate word(s).