Refer to the table below. In 2004, what would be the U.S. dollar cost of one euro?
The following table shows the foreign currency per U.S. dollar near the end of January of each year listed.
A. $0.81
B. $1.14
C. $1.23
D. $1.62
C. $1.23
You might also like to view...
Having seen the quantity of drugs supplied by pharmaceutical companies in a competitive market, a government decides to force companies to sell exactly the same quantity of drugs at prevailing market prices
The government then forbids additional drug sales and allows doctors to prescribe the drugs at no cost to patients in need. This government scheme is A) efficient as the quantity of drugs traded is the same as under a free market. B) efficient as the price of drugs paid by the government is the same as under a free market. C) efficient as consumer surplus is maximized. D) likely to be inefficient as doctors are unlikely to prescribe drugs to the consumers who are willing to pay the most for the drugs. E) likely to be inefficient as drug producers have a captive buyer.
Which of the following will NOT cause the IS curve to shift to the left?
A. A contractionary fiscal policy B. An exogenous decrease in household consumption C. An exogenous decrease in exports D. An exogenous decrease in imports
Changing the ownership of the ocean from common property to private property would
A) ensure that this resource would be allocated in a more efficient manner. B) ensure that this resource would be allocated in a less efficient manner than under common property rights. C) not be economically desirable. D) result in no appreciable change in efficiency of utilization of this resource.
The leadership of the Federal Reserve System is provided by
A. the Federal Open Market Committee. B. the Board of Governors. C. the Federal Advisory Committee. D. the directors of the twelve Federal Reserve banks.