If the exchange rate between the Mexican peso and the U.S. dollar expressed in terms of pesos per dollar is 13.5 pesos = 1 dollar, what is the exchange rate when expresses in terms of dollars per peso?

The law of demand tells us that people will buy more of a good if

A) the price of that good decreases. B) the prices of other goods decrease. C) people's income increases. D) every factor that can affect people's buying decisions changes.

If a firm produces a good and then adds it to its inventory rather than selling it, for the purposes of GDP accounting the firm is considered to have "purchased" the good so it will count as part of that period's investment expenditures

a. True b. False Indicate whether the statement is true or false