The exchange rate is the
a. value of money
b. quantity of dollars, yen, etc., that are traded
c. amount of a foreign currency that is used to buy goods made in your country
d. number of units of your currency that it takes to buy one unit of a foreign currency
e. number of units of a foreign currency that can be bought with one unit of your own currency
E
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Economic analysis indicates minimum wage legislation has
a. made it possible for any teenager who wants to work to earn almost 80 percent as much as an adult. b. made it easier for teenagers to find jobs that offer the opportunity for training. c. been an important source of increases in income since most workers earn at or near the minimum wage. d. reduced the on-the-job training opportunities available to teenagers.
A study that deals with the salaries of university professors would be considered:
A. real economics B. microeconomics C. macroeconomics D. economic naturalism
Increases in the budget deficit are believed to cause reductions in investment. Based on your understanding of the IS-LM model, will a fiscal policy action that causes a reduction in the budget deficit cause an increase in investment? Explain
What will be an ideal response?
Which of the following is a transfer payment?I.Social SecurityII.Unemployment benefits
A. I only B. II only C. Both I and II D. Neither I nor II