A Big Mac costs $4.79 in the United States and 9.6 zlotys in Poland. If the exchange rate is 3 zlotys per dollar, what is the dollar cost of a Big Mac in Poland?

If Chileans buy more U.S. stocks and bonds and U.S. residents buy more Chilean wine, then

a. both U.S. net exports and U.S. net capital outflows rise. b. U.S. net exports rise and U.S. net capital outflows fall. c. U.S. net exports fall and U.S. net capital outflows rise. d. both U.S. net exports and U.S. net capital outflows fall.

Which of the following described the monopolist’s marginal revenue curve on a graph?

a. Lies above the demand curve b. Is the same as the demand curve c. Lies below the demand curve d. Is a horizontal line at market price