On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 0.75 euros. Therefore, one euro would have purchased about ________ U.S. dollars

Current account transactions are all payments that are related to the purchase or sale of

A) goods only. B) services only. C) goods and services only. D) goods and services excluding government purchases.

For a firm facing a downward sloping demand curve, marginal revenue

A) is at a minimum at the midpoint of the demand curve. B) is greater at higher prices than at lower prices. C) increases each time prices are lowered. D) falls each time prices are raised.