How are most fundamental economic decisions now determined in China?
A) The government decides because China is a centrally planned economy.
B) Individuals, firms, and the government interact in a market to make these economic decisions.
C) The United Nations decides because China is a developing economy.
D) These decisions are made by the country's elders who have had much experience in answering these questions.
B
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What will be an ideal response?
On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 49.0 Indian rupees. Thus, one Indian rupee would have purchased about ________ U.S. dollars
A) 0.02 B) 1.20 C) 7.00 D) 49.0