Exchange rates are for currency what:
a. c, d and e.
b. discounts are for sales.
c. interest is for capital.
d. prices are for apples.
e. wages are for labor.
a
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For each of the following values of nominal GDP and real GDP, calculate the GDP price index
a. Nominal GDP = $600; real GDP = $800. b. Nominal GDP = $900; real GDP = $900. c. Nominal GDP = $1,200; real GDP = $1,000.
Which of the following is not a principal means by which corporations obtain money for investment?
a. selling stocks b. selling bonds c. retaining earnings d. receiving dividends
Consider the following information regarding a person’s decision to go to college: college tuition is $20,000 per year, room and board is $10,000 per year, and books and materials are $2,000 per year. Suppose that instead of going to college this person could have earned $18,000 working in a store. An economist would calculate the cost of going to college as
A. $20,000. B. $30,000. C. $32,000. D. $50,000. E. $18,000.
Most economists agree that while there are a seemingly endless number of ways to promote economic development:
A. there is no need to measure effectiveness. B. there is no way to determine which ways are the best. C. there are few ways to measure their effectiveness. D. there are just as many ways to measure effectiveness.