If a French importer has to write a 4,000 euro check to cover a $8,000 purchase from the United States, the exchange rate is ______ dollar to a euro.

Sarah's demand curve for whiskey has the same slope as Pete's; however, it lies to the right of Pete's. An increase in the price of whiskey will cause

A) Sarah to incur a greater loss of consumer surplus than Pete will. B) Pete to incur a greater loss of consumer surplus than Sarah will. C) Sarah and Pete to incur the same loss of consumer surplus. D) Sarah's demand curve to shift closer to Pete's.

Each person is always better off choosing not to pay for a public good because of the free rider problem

a. True b. False Indicate whether the statement is true or false