If the price level in Japan is 1.0, the price level in the U.S. is 2.0, and it costs 100 Yen to buy one dollar, then the real exchange rate between the U.S. and Japan is
A) 2.
B) 10.
C) 50.
D) 100.
E) 200.
E
Economics
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Under what conditions will the political process provide an inefficient amount of a public good?
What will be an ideal response?
Economics
Refer to Labor Demand and Labor Supply. Suppose firms in the industry earn zero profit. The total rental payment made to the industry's capital is measured by
a. area A.
b. area B.
c. area A + B.
d. area B + C.
Economics