The price of the average domestic good or service relative to the price of the average foreign good or service, when prices are expressed in terms of a common currency is called the ________ exchange rate.
A. fixed
B. nominal
C. real
D. flexible
Answer: C
Economics
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When a firm produces one unit, the variable cost is $3. When the firm produces two units, the variable cost is $6. What is the marginal cost associated with two units of production?
A) $2 B) $0.5 C) $6 D) $3
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On the surface, usury laws are designed to protect consumers from exorbitant interest rates
a. True b. False Indicate whether the statement is true or false
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According to Adam Smith's invisible hand principle, productive actions that promote the general welfare of society will be undertaken when...
What will be an ideal response?
Economics
The typical fee for overdraft privileges is
A. $5-10. B. $10-20. C. $10-38. D. $40-60.
Economics