The foreign exchange rate describes the
A) balance of trade.
B) balance of payments.
C) law of comparative advantage.
D) price of foreign currency in terms of domestic currency.
Answer: D
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If a firm can sell 3,000 units of product A at $10 per unit and 5,000 at $8, then
A) the price elasticity of demand is 0.44. B) A is a complementary good. C) the price elasticity of demand is D) A is an inferior good.
Suppose that the total fixed cost of producing five sailboats is $4,000 . total variable cost is $4,000 . and the total cost of producing six sailboats is $10,000 . The marginal cost of the sixth sailboat is:
a. $2,000. b. $4,000. c. $8,000. d. $10,000. e. $6,000.
Collaterized debt obligation CDO
What will be an ideal response?
Explain why the portion of the national debt owed to foreigners is a serious matter, whereas the portion owed to U.S. citizens is of less concern. Why does the U.S. national debt pose less of a problem than the debts of Greece in 2010?
What will be an ideal response?