Assuming the United States is the "domestic" country, if the real exchange rate between the United States and Russia decreases from 28 to 23,
A) the prices of U.S. goods and services have increased by 22% relative to Russia.
B) the prices of U.S. goods and services have decreased by 5% relative to Russia.
C) the prices of U.S. goods and services have increased by 25.5% relative to Russia.
D) the prices of U.S. goods and services have decreased by 18% relative to Russia.
D
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Vicki would be classified as
A) a voluntary part-time worker. B) unemployed. C) an involuntary part-time work. D) not in the labor force because she is a full-time student. E) a discouraged worker.
When a binding price floor is imposed on a market,
a. price no longer serves as a rationing device. b. the quantity supplied at the price floor exceeds the quantity that would have been supplied without the price floor. c. only some sellers benefit. d. All of the above are correct.