Suppose that a worker has the option of being paid in euros or dollars. It would be to the workers advantage if his employer pays him in ____________ rather than ______________ if the worker believes that the value of the dollar is about to ____________ relative to the value of the euro
A) euros; dollars; fall
B) dollars; euros; rise
C) euros; dollars; rise
D) dollars; euros; fall
E) ?a and b
E
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Briefly explain why empirical consumer demand studies such as Patrick McCarthy's study of automobile demand are relevant to managers
What will be an ideal response?
The discovery of new oil deposits will cause
A) the long-run aggregate supply curve to shift to the right and the short-run aggregate supply curve to shift to the left. B) the long-run aggregate supply curve to shift to the right, but not the short-run aggregate supply. C) the short-run aggregate supply curve to shift to the right, but not the long-run aggregate supply curve. D) both the long-run and the short-run aggregate supply curves to shift to the right.
Oligopolists seldom change prices, because they don't like change
a. True b. False Indicate whether the statement is true or false
Suppose your grandfather put $10,000 in the bank in 1965 at an annual interest rate of 7%. Using the Rule of 70, approximately how large should the bank balance be in 2015?
a. $50,000 b. $60,000 c. $80,000 d. $320,000