By how much does the real, bilateral exchange rate change when the nominal, bilateral exchange rate changes from $1.40/£ to $1.60/£, the U.S. tradable basket from $2,100 to $2,200 and the British tradable basket from £1,500 to £1,600?
a. The real exchange rate rises by 16.35%.
b. The real exchange rate rises by 3.1%
c. The real exchange rate falls by 3.1%
d. The real exchange rate falls by 10.8%
e. The real exchange rate rises by 12.5%.
.A
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Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the firm is the monopsony buyer of labor in the market
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A rightward (an outward) shift of a nation's production possibilities curve could be caused by:
a. a decrease in technology. b. an increase in resources. c. producing more consumer and fewer capital goods. d. a decline in the labor force's level of education and skills.
The questions below are based on the table below. Fill in the blank spaces first. 
How many will be employed if the labor market is perfect with a going wage of $18 and the product market is imperfect?
What will be an ideal response?