If UIP holds, the interest rate is 4%, and the foreign currency is expected to appreciate by 3%, then the foreign interest rate is approximately

If bundles of goods A and B lie on the same indifference curve, one can assume the individual

a. prefers bundle A to bundle B. b. prefers bundle B to bundle A. c. enjoys bundle A and B equally. d. bundle A contains the same goods as bundle B.

Alex has an income of $50 . She spends her entire money either on burgers or on cookies. If the price of a burger is $10 and the price of a cookie is $5, Alex can afford a consumption bundle of 3 burgers and 8 cookies

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