An exchange rate is
a. the rate at which goods are traded between countries
b. the rate of the net difference between exports and imports
c. the denomination of currency used to purchase imports
d. the price of one currency in terms of another
e. the price at which one good trades for another
D
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The New York Times reported in November 2008 that 240,000 additional people lost their jobs which increased the unemployment rate to 6.5 percent
In addition, it was noted that a large number of college graduates were "taking jobs that do not require a college degree." It was also expected that "teens will be thrown out of the labor market....causing youths to miss experience" that could help them prepare for higher-skilled jobs. The article reflects the idea that unemployment is a problem because it results in A) a loss of human capital. B) fewer discouraged workers. C) a loss of income. D) a decrease in the labor force.
The headline in the local paper today is "College tuition next fall rise by 6 percent." This statement is an example of
A) a normative statement. B) a positive statement. C) an invalid statement. D) ceteris paribus.