Which of the following is most likely to belong to a union?
a. a government employee
b. a salesperson
c. a chef at a four-star restaurant
d. a taxi driver
A
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The individual's budget constraint is _____
a. the amount of money she has in the bank b. determined by dividing the individuals income by the price of the goods she wants to buy c. the maximum amount one good she can consume given her consumption of other goods d. a line depicting all the possible budgets an individual could have at various occupations
Holding nominal exchange rates constant, if inflation in Europe exceeds inflation in the United States,
A) the real exchange rate ($/€) will rise, and the euro will buy more in the U.S. B) the real exchange rate ($/€) will rise, and the euro will buy less in the U.S. C) the real exchange rate ($/€) will fall, and the euro will buy more in the U.S. D) the real exchange rate ($/€) will fall, and the euro will buy less in the U.S.