The cost of basics like milk, bread, potatoes and bananas has jumped in the past year, forcing families to nix luxuries, steer away from organic goods and buy more house brands
"I think it's affecting everybody," said Elize Joseph 48, a nursing attendant. "To spend $40 on groceries is nothing. It doesn't go a long way." When food prices increase, what will happen to Elize's total utility? A) It increases.
B) It stays the same.
C) It decreases.
D) It cannot be determined without knowing her total income.
C
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Assuming the United States is the "domestic" country, if the real exchange rate between the United States and Russia decreases from 28 to 23
A) the prices of U.S. goods and services have increased by 25.5% relative to Russia. B) the prices of U.S. goods and services have decreased by 5% relative to Russia. C) the prices of U.S. goods and services have decreased by 18% relative to Russia. D) the prices of U.S. goods and services have increased by 22% relative to Russia.
A put option that is described as in the money would find:
A. the market price of the stock above the strike price. B. the market and strike prices are the same. C. the option has been exercised. D. the strike price is above the market price of the stock.