If $1 U.S. is worth $30 Canadian, then a good that sells for $30,000 in Canada should sell for _____ in the United States
a. $1,000
b. $30,000
c. $3,000
d. $10,000
a
Economics
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An exchange rate is the number of units of:
a. a nation's money that is equal to one unit of another nation's money. b. a nation's output that is equal to one unit of another nation's output. c. gold backing a nation's money. d. none of these.
Economics
Figure 10-7
Refer to Figure 10-7. Which of the diagrams in Figure 10-7 represents a period of economic growth and inflation?
a.
Panel (A)
b.
Panel (B)
c.
Panel (C)
d.
Panel (D)
Economics