If one euro is equal to 0. 60 U.S. dollars, what would be the euro price of a car that costs $10,000?
A. 16,667 euros.
B. 5,000 euros.
C. 10,000 euros.
D. 60,000 euros.
Answer: A
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An internationally discriminating monopolist is one that:
a. can charge different prices to each customer in its domestic market. b. can charge different prices in its domestic and foreign markets. c. faces a downward-sloping demand curve in its domestic market and a perfectly elastic demand curve in its foreign market. d. faces a perfectly elastic demand curve in its domestic market and a downward sloping demand curve in its foreign market.
The transaction motive for holding money
A. varies inversely with income. B. varies directly with the number of times one is paid annually. C. are used to make expected expenditures. D. are held for the same reasons that precautionary cash balances are held.
One timing problem with fiscal policy to counter a recession is an "administrative lag" that occurs between the:
A. start of the recession and the time it takes to recognize that the recession has started. B. time the need for the fiscal action is recognized and the time that the action is taken. C. end of the recession and the time it takes to recognize that the recession has ended. D. time fiscal action is taken and the time that the action has its effect on the economy.
The quantity theory of money assumes that velocity is approximately constant resulting in nominal GDP to be proportional to the money stock.
Answer the following statement true (T) or false (F)