A Swiss consumer wants to buy an American car. The exchange rate is 1USD=0.89CHF (Swiss Francs). The car costs $10,000 . How much would the car cost him in Swiss Francs?
a. 12,000 Francs
b. 11,600Francs
c. 8,900 Francs
d. 7,500 Francs
c
You might also like to view...
Firms are better off using rebates rather than just lowering the price of a good because
A) people view the firm in a positive light because now poorer people will be able to afford their good. B) customers overestimate the value of the rebate and so buy more of the good, making profits higher than if they just lowered the price. C) only those who place a low value on their time or are price sensitive actually redeem the rebate, making profits higher than if they just lowered the price. D) lowering the price is inefficient and creates additional deadweight loss.
Answer the following statements true (T) or false (F)
1. expenditures included in GDP are usually less than the income component of GDP. 2. Imports constitute a minus figure in national income accounting. 3. Final sales are always larger than the GDP. 4. Personal consumption expenditures account for approximately seven-tenths of the GDP in the United States. 5. In terms of purchasing power parity, Japan has highest per capita GDP in the world.
A business cycle is the
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC: 
Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coconuts to the other island in exchange for 1,300 fish. After the trade, your island has a total of ________ coconuts and ________ fish.
A. 150; 2,800 B. 500; 1,500 C. 500; 1,300 D. 150; 1,300