Suppose a U.S. importer purchases "Mexican Oaxaca" cheese for $500 . If the present exchange rate is Mexican peso (MXP) 10 per U.S. dollar, and the MXP appreciates 10 percent against the U.S. dollar between the date of purchase and the date of payment, then the peso value of the invoice when payment is due is:

Using the bathtub analogy to understand what determines the number of unemployed workers, the stock variable is

A) the number of workers finding jobs. B) the number of workers separating from their jobs. C) the number of unemployed workers. D) the number of jobs created or destroyed.

The supply curve of truck drivers is upward sloping and demand curve is downward sloping. A reduction in the price of hauling freight by truck relative to the price of hauling freight by rail will ____ the equilibrium wage of truck drivers and ____ the number of drivers employed

a. decrease; decrease b. decrease; increase c. increase; decrease d. increase; increase