Find the real exchange rate for the following case: Assume that the representative basket of European goods costs 150 euros and the representative U.S
basket costs $90, and the dollar/euro exchange rate is $0.80 per euro, then the price of the European basket in terms of U.S. basket is:
[(0.80 $/euro) (150 euro per a European basket)]/[(90 $/U.S. basket)] = 1.33 U.S. baskets/European basket.
Economics
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The effect throughout the entire economy of one individual's increase in spending will be
a. less than the individual's spending. b. equal to the individual's spending. c. greater than the individual's spending. d. offset by another individual's saving.
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It is possible to analyze education decisions in a manner similar to the decision to acquire more
A. capital. B. leisure. C. work. D. goods and services.
Economics