Assume that a Chrysler automobile sells for $15,000 in the United States and that the exchange rate is $1 = €1.3 . For purchasing power parity to hold, the same car should sell in Germany for:

The demand for factor is driven by the demand for goods and services produced by that factor of production. This phenomenon is referred to as

A) elastic demand. B) joint demand. C) inverse demand. D) derived demand.

Of the sources of external funds for nonfinancial businesses in the United States, loans from banks and other financial intermediaries account for approximately ________ of the total

A) 6% B) 40% C) 56% D) 60%