Assume that $1 equals 100 yen (¥). A Japanese visitor to the United States wants to pay her $400 hotel bill. How many yen should she exchange in order to have enough dollars to pay the bill?

A) ¥4
B) ¥40
C) ¥4,000
D) ¥40,000

Answer: D

Economics

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The above table gives the total utility that Homer obtains from consuming various quantities of chocolate chip cookies. The marginal utility from the third pound of cookies is

A) 3. B) 4. C) 9. D) 12.

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What is the equilibrium condition in the loanable funds market?

a. S + G = IP - T b. S = IP + T - G c. S + IP = G - T d. S - T = IP + G e. S = IP + G - T

Economics