If we know that the exchange rate is 0.8 dollars per euro, then we know that the exchange rate of euros per dollars is
a. 0.8
b. 1.8
c. 1.25
d. less than 1.0
e. 5
C
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Which of the following would increase net exports in the United States?
A) The United States purchases 500 silver necklaces from Mexico. B) A Mexican citizen purchases 25 shares of stock in Ford Motor Company. C) The U.S. government donates $5 million to Mexico to help victims of drought in Mexico. D) The government of Mexico purchases 500 Ford F-150 pickup trucks from the United States.
In the simple circular flow model, if planned I exceeds planned S, then
a. the economy is not at equilibrium. b. the size of the circular flow is increasing. c. if the economy is at full employment, then prices will rise. d. All of these.
The sales tax is generally considered to be a regressive tax.
Answer the following statement true (T) or false (F)
Suppose it costs a family $20,000 to live in 1987 and costs $50,000 to live today. If 1987 was the base year, how much is the CPI today?
A. 100 B. 200 C. 250 D. 500 E. 750