Suppose a U.S. dollar exchanges for 0.8 euros, then each euro is worth
A. $1.25.
B. $1.20.
C. $0.80.
D. $0.20.
Answer: A
You might also like to view...
Rapid economic growth tends to increase the degree of income mobility
Indicate whether the statement is true or false
Most theories of comparative advantage explain trade patterns due to international differences in
A) demand conditions. B) supply conditions. C) demand and supply conditions. D) tariffs.
Which of the following forms of unemployment probably imposes the greatest personal costs?
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) voluntary unemployment.
Assume a firm is a monopoly and enjoys $10 million in profits per year. The firm lobbies to have a moratorium passed by Congress on new firms in its market for the next 25 years
If there is no discount rate, how much would the firm be willing to pay to deter entry? A) $250 million B) $25 million C) $100 million D) $250 billion