The exchange rate between the dollar and the euro is
a. the price of European goods relative to U.S. goods.
b. the price of U.S. goods relative to European goods.
c. the number of euros you get for lending one dollar to a European for a year.
d. the number of euros you get for one dollar.
D
You might also like to view...
A company with a strong brand identity:
A. conveys to customers an implicit guarantee of a product's quality. B. promises consistency to customers. C. can perpetuate false perceptions of quality or product differences. D. All of these statements are true.
Derek decides to forego a major appliance purchase and save the money. He transfers $2,100 from his checking account to his money market mutual fund. As a result of this transfer,
a. both M1 and M2 decrease by $2,100. b. M1 increases by $2,100 and M2 increases by $2,100. c. M1 decreases by $2,100 and M2 increases by $2,100. d. M1 decreases by $2,100 and M2 stays the same.
We would expect the cross elasticity of demand between Pepsi and Coke to be:
A. positive, indicating normal goods. B. positive, indicating inferior goods. C. positive, indicating substitute goods. D. negative, indicating substitute goods.
GDP in current dollars is equivalent to which of the following?
A) real GDP B) GDP in terms of goods C) GDP in 2000 dollars D) GDP in constant dollars E) none of the above