The real wage rate equals
A) (money wage rate)/(price level).
B) (price level)/(money wage rate).
C) (money wage rate) × (price level).
D) (money wage) + (number of hours worked)/(price level).
A
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According to the text, which of the following factors may make the theory of purchasing power parity unrealistic?
A) Purchasing power parity works only with traded goods. B) Trading countries may stop exchanging goods once prices between them equalize. C) Shipping, insurance, and transaction costs may reduce the implication of purchasing power parity. D) Prices may not equalize if goods arbitrage is reduced by trade barriers. E) The effects of purchasing power parity may not show up until many years have passed.
A mid-size firm may have a "__________" line of credit, meaning all or part of it can be converted into an intermediate-term loan
A) revolving B) secured C) guaranteed D) mezzanine