Suppose that a slice of pepperoni pizza costs £1 in London and $2 in San Francisco. If the real exchange rate is one-third of a slice of U.S. pizza for one slice of British pizza, how many pounds should you receive in exchange for $1?

In Germany, expected future income increased during 2010. This increase led to

A) a downward shift of the consumption function. B) an upward shift of the consumption function. C) a movement upward along the consumption function. D) no movement along the consumption function and no shift of the consumption function. E) a movement downward along the consumption function.

The demand function for tickets to Ireland is expressed as Qd = 1600 - 0.005P + 2PEngland + 3rain + 2Y, where P is the price for tickets to Ireland, PEngland is the price of tickets to England, rain is the inches of rain Ireland receives annually, and Y is annual household income. Assuming PEngland is $1000, rain is 30 inches per year, and income is 40,000, how much would the price of tickets to

Ireland have to fall for consumers to be willing to buy one more trip per year? A) $15 B) $20 C) $50 D) $200