Refer to Table 29-2. Given the following exchange rates in the above table, what are the exchange rates stated as U.S. dollars per Mexican peso and U.S. dollars per British pound respectively?
A) 0.10 dollars per peso and 2.00 dollars per pound
B) 0.10 dollars per peso and 5.00 dollars per pound
C) 1.00 dollars per peso and 20.00 dollars per pound
D) 0.01 dollars per peso and 0.50 dollars per pound
E) 0.01 dollars per peso and 0.20 dollars per pound
A
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A) employ illegal immigrants from other countries. B) produce goods and services no one wants. C) sell their goods and services to citizens in other countries. D) do not pay taxes to the government.
The budget constraint represents:
a. all possible consumption combinations of goods that someone can afford when all income is spent. b. a single consumption combination of goods that someone can afford when all income is spent. c. all possible consumption combinations of goods that someone can afford when disposable income is spent. d. all possible consumption combinations of goods that society can afford when all income is spent.