The average of the bilateral rate changes for a nation, weighted by the importance of the trading partner, is know as
A) the real exchange rate
B) the nominal exchange rate
C) the effective exchange rate
D) the direct exchange rate
Ans: C) the effective exchange rate
Economics
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One standard method of determining just compensation is the comparable sales method. What is the comparable sales method, and why might some individuals perceive this method to be unfair?
What will be an ideal response?
Economics
The price elasticity of demand for DVDs is 2. If the price of a DVD increased by 2 percent, the quantity demanded will ________
A) decrease by 2 percent B) not change C) decrease by 4 percent D) decrease by 1 percent
Economics