If a French importer has to write a 4,000 euro check to cover a $8,000 purchase from the United States, the exchange rate is ______ dollar to a euro.
Fill in the blank(s) with the appropriate word(s).
Answer: 2
Economics
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A firm should increase its investment as long as:
a. marginal resource cost exceeds the interest rate. b. marginal resource cost exceeds marginal revenue product. c. marginal rate of return on investment exceeds the interest rate. d. the interest exceeds the marginal rate of return on investment.
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