Suppose that your firm wants to import sugarcane from Brazil. The exchange rate is 3 Brazilian reals per U.S. dollar and sugarcane costs 36 reals per ton. How much is a ton of sugarcane in U.S. dollars?

The Golden Rule capital—labor ratio is the level of the capital—labor ratio that, in the steady state,

A) maximizes output per worker. B) maximizes investment per worker. C) maximizes consumption per worker. D) maximizes capital per worker.

With increases in inflation demand for money that does not earn a return decreases. Carrying less cash in our pockets means higher ________

A) shoe-leather costs B) menu costs C) capital gain tax bills D) all of the above E) none of the above