When Walmart sells toys imported from China:
A) the U.S. consumers pay in dollars while the workers who produce the toys are paid in yuan.
B) the U.S. consumers pay in dollars and the workers who produce the toys are also paid in dollars.
C) the U.S. consumers pay in yuan while workers who produce the toys are paid in dollars.
D) the U.S. consumers pay in yuan and the workers who produce the toys are also paid in yuan.
A
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Which of the following statements is correct?
A. For a given real interest rate, the nominal interest must decrease if expected inflation increases B. For a given nominal interest rate, the real interest will decrease if inflation decreases C. For a given expected inflation rate, the nominal interest must increase if real interest decreases D. For a given real interest rate, the nominal interest must increase if expected inflation increases
Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Mega Corp: TC = 5,000 + 100Q Big Inc: TC = 4,000 + 200Q When each firm produces 8 units, ________ has a lower total cost, and when each firm produces 12 units, ________ has a lower total cost.
A. Mega Corp; Mega Corp B. Big Inc; Mega Corp C. Big Inc; Big Inc D. Mega Corp; Big Inc