What is the domestic price of sugar in a closed economy?
A. $2,000/ton
B. $500/ton
C. $3,000/ton
D. $1,000/ton
Answer: C
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Find the real exchange rate for the following case: Assume that the representative basket of European goods and services costs 40 euros and the representative U.S
basket costs $50, and the dollar/euro exchange rate is $0.90 per euro, then the price of the European basket in terms of U.S. basket is ________.
Which of the following financial futures contracts are traded in the United States?
A) Interest rates B) Stock indexes C) Currencies D) All of the above
The corporate income tax in the United States
A) excludes dividends paid out. B) only taxes retained earnings. C) results in individuals' being doubly taxed on corporate earnings. D) does not apply to profits earned on exports.
Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person. Which country can benefit?
a. only the one with a low level of output per person. b. only the one with a high level of output per person. c. both d. neither