If two nominal exchange rates are given as 4 shekel/dollar and 0.711 dinar/dollar, so 1 dollar can buy either 4 shekels or 0.711 dinars, then each Jordanian dinar is worth ________ Israeli shekels, and each shekel is worth ________ dinars.

A. 5.623; 0.178
B. 0.178; 5.623
C. 1.96; 0.51
D. 0.51; 1.96


Answer: A

Economics

You might also like to view...

The domestic opportunity cost of producing 100 barrels of chemicals in Germany is 1 ton of steel. In France, the domestic opportunity cost of producing 100 barrels of chemicals is 2 tons of steel. In this case

A. Germany has an absolute advantage in the production of chemicals. B. France has an absolute advantage in the production of chemicals. C. France has a comparative advantage in the production of chemicals. D. Germany has a comparative advantage in the production of chemicals.

Economics

Some people worry that the fast food restaurant industry will have a harder time attracting teenage workers in the years to come because baby boomers had fewer children than earlier generations. a . Explain how fewer teenagers might lead to higher hamburger prices b. Explain how retirees, who need more supplemental income, might change your answer to part a

Economics

To correct for the externalities, the revenue generated by a corrective tax on steel producers would most likely be used to ______.

a. help the company pay for internalizing the cost b. compensate those harmed by pollution c. expand the firm’s production output d. help lower the market price for consumers

Economics

If Ana devotes all her time to making fudge, she can make 3 pounds of fudge an hour, and if she devotes all her time to making toffee, she can make 2 pounds of toffee an hour. If Leo devotes all his time to making fudge, he can make 4 pounds of fudge an hour, and if he devotes all his time to making toffee, he can make 5 pounds of toffee an hour. What is Leo's opportunity cost of making a pound of fudge?

A. 5 pounds of toffee B. 4 pounds of toffee  C. 1.25 pounds of toffee  D. 0.8 of a pound of toffee 

Economics