Eric lost his job because a recession caused his employer's sales to fall. This is an example of:

Find the real exchange rate for the following case: Assume that the representative basket of European goods costs 150 euros and the representative U.S. basket costs $200,

and the dollar/euro exchange rate is $1.20 per euro, then the price of the European basket in terms of U.S. basket is:

Nonmarket work includes time spent

a. producing goods and services for your employer b. pursuing hobbies and crafts c. engaging in strenuous physical exercise to reduce your weight d. producing your own goods and services e. managing your own firm