If the price of pesos in dollars is $0.10,
A. the price of dollars in pesos is 10.
B. the price of dollars in pesos is 1.
C. the price of dollars in pesos is 1/10.
D. the price of dollars in pesos cannot be determined.
A. the price of dollars in pesos is 10.
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Which of the following is an example of a product that is nonexcludable and nonrival?
A) a motorcycle B) the court system C) Western lowland gorillas D) a NASCAR event
What is the essence of the problem of timeliness with fiscal policy?
A. Often there is not enough time to spend all of the money that fiscal policies have authorized. B. If fiscal policy is enacted too quickly, it might not be very well thought out. C. In order for fiscal policy to have an impact and prevent a recession, it needs to happen very quickly. D. The government's budget calendar is very strict and fiscal policy can only be done at certain times in the year.