How many dollars do you need to buy a Swedish Kronor (SEK) when the exchange rate is $1 = 6.429 SEK?
a. $0.016
b. $1.056
c. $0.649
d. $0.156
e. $1.56
d
Economics
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The impact of an increase in the wage rate on labor demand is represented by ________, assuming all else equal
A) rightward shift in the demand curve for labor B) upward movement along the demand curve for labor C) leftward shift in the demand curve for labor D) downward movement along the demand curve for labor
Economics
Capital is a factor of production. An example of capital as a factor of production is
A) machines. B) education. C) stocks. D) money. E) bonds.
Economics