Suppose you are a U.S. exporter expecting to receive a payment of NZD1,000 (New Zealand dollars) in 12 months. The annual interest rate on NZD deposits is 5 percent, and the annual interest rate on dollar deposits is 9 percent. If the present exchange rate is $0.50 per NZD and interest rate parity holds, how many dollars do you expect to receive at the maturity date of the export contract?

Senior managers of a corporation can be regarded as the corporation's entrepreneurs

Indicate whether the statement is true or false

Which best expresses the law of diminishing marginal utility?

A. The more of a product is consumed, the smaller is the total utility from the product B. The less of a product is consumed, the greater is the marginal utility of the product C. The more of a product is consumed, the greater is the total utility from the product D. The less of a product consumed, the smaller is marginal utility of the product