The real exchange rate is the nominal exchange rate, defined as foreign currency per dollar, times
a. U.S. prices minus foreign prices.
b. U.S. prices divided by foreign prices.
c. foreign prices divided by U.S. prices.
d. None of the above is correct.
b
Economics
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Equity investors in real estate expect to receive a return on their investment through the collection of ________ and through ____________________.
Fill in the blank(s) with the appropriate word(s).
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An allocation in which one person can be made better off only by making someone else worse off is
A) inefficient. B) efficient. C) a partial equilibrium. D) a general equilibrium.
Economics