The price of one currency in terms of another is referred to as the:
a. exchange rate.
b. purchasing power.
c. comparative price.
d. real price.
a
You might also like to view...
As an individual consumes more of a good, the marginal utility of that good declines
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
A) Managed equity funds merely hold stocks in the same proportion they are represented in a broad stock market index such as the Dow Jones Industrials. B) Indexed equity funds generally have lower management and operating costs than managed funds. C) Managed equity funds generally outperform indexed equity mutual funds. D) Indexed equity funds generally engage in more stock trading than managed funds.
If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal utility of food
A) is not positive. B) does not diminish as food increases. C) is not affected by the amount clothing. D) increases as one obtains more clothing.
When China devalues its currency
a. the dollars per Chinese yuan will increase b. the drain of U.S. reserves on Chinese yuan will fall. c. U.S. exports to China will increase. d. the price of imported Chinese textiles in the U.S. will fall. e. Chinese imports will increase.