Drive with Us is an automobile retailer and pays floor plan financing to finance the cars they hold in inventory. If the interest rate on their floor plan financing is 6 percent, how much do they pay in interest per day on a car with a wholesale price of $50,000?

According to purchasing power parity, the relationship among the domestic price (P), the foreign price (P ), and the nominal exchange rate (e), can be written as

A) P = e - P . B) P = P - e. C) P = eP . D) P = e/P .

Economists refer to expenditures on training, education, and skill development designed to increase the productivity of an individual as: a. overhead expenditures

b. investments in human capital. c. marginal revenue product. d. investments in social capital.