On June 3, 2005, it cost 1.22 U.S. dollars to buy 1 euro. How many euros did it take to buy 1 U.S. dollar?

Which of the following are examples of the gross private domestic investment component of GDP?

I. the purchase of production machinery by IBM II. an increase in the finished goods inventory at Intel A) I only B) II only C) both I and II D) neither I nor II

A contract containing an adjustment provision which allows the supplier to recover a fraction of his additional costs when input prices cross a certain level, is considered efficient because:

a. it reallocates the supplier's risk while checking his activities. b. it reallocates risks completely to the buyers. c. it allows the supplier to take up risks. d. it allows the buyers to partially reallocate their risks.