If the price of watermelons is 5 pesos in Argentina and the exchange rate is 4 pesos per dollar, then what is the dollar price of watermelons?
A) $0.75 B) $0.80 C) $1.25 D) $2.00
C
Economics
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In the schematic theory of economic policy, the demand for money is considered
A) a policy instrument. B) an exogenous nonpolicy variable. C) a structural relation. D) a target variable. E) an irrelevant side effect.
Economics
If a country has a high level of income, it:
A. must be rapidly increasing its GDP per capita. B. must have a high level of income. C. must have an equitable distribution of wealth. D. All of these are true.
Economics