If the Japanese yen trades at $1 = 98 yen, a Honda that sells for $29,000 in the U.S. would be worth approximately how many yen?
A) 296 yen
B) 28,000 yen
C) 371,000 yen
D) 2,842,000 yen
D
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In Figure 17-3 above, suppose we are working under the assumption of the Lucas model. Suddenly, monetary policy becomes more expansionary and every firm believes that the higher prices bid on their product is not being enjoyed by any other firm
We would picture this as a movement between points A) A and C. B) A and B. C) D and B. D) D and A. E) A and D.
The owner of Speedee Copy Center calculates that purchasing a new $13,000 color copier would return $1800 a year after payment of all expenses besides interest payments on borrowing $13,000
What is the maximum interest rate that makes purchasing the copier profitable? A) 13.84 percent. B) 7.22 percent. C) 8.62 percent. D) 12.16 percent.
Average labor productivity tends to be
A) procyclical and less variable than real GDP. B) procyclical and more variable than real GDP. C) countercyclical and less variable than real GDP. D) countercyclical and more variable than real GDP.
A country can gain by importing a good that it can make itself if
a. this enables the country to make another good in which it is extremely efficient. b. it has an absolute disadvantage in the good. c. this permits the country to establish comparative advantage in the good. d. All of the above are correct.