The foreign exchange rate refers to
A. the price at which purchases and sales of foreign goods take place.
B. exports minus imports.
C. the amount of one currency that must be paid to obtain one unit of another currency.
D. the ratio of exports to imports.
C. the amount of one currency that must be paid to obtain one unit of another currency.
Economics
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Compensation of employees is the largest component of national income
Indicate whether the statement is true or false
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The total welfare associated with a market that includes a government sales tax equals
A) consumer surplus plus producer surplus. B) consumer surplus plus producer surplus minus government tax revenue. C) consumer surplus plus producer surplus plus government tax revenue. D) the government tax revenue.
Economics