A tariff refers to a limit on the number of goods that can be imported to a country

Suppose that Cambodia becomes the next popular tourist destination. You notice that hotels, restaurants, and other services cost much less there than in the United States. From the perspective of the U.S. dollar, what would be the real exchange rate of the Cambodian riel?

a) The real exchange rate would be 0. b) The real exchange rate would be 1. c) The real exchange rate would be greater than 1. d) The real exchange rate would be less than 1.

The consumer price index measures: a. the cost of all goods and services produced in the U.S. economy

b. the average change over time in the selling prices received by domestic producers for their output. c. the cost of a fixed market basket of consumer goods and services produced in the U.S. economy. d. the ratio of an economy's nominal GDP to its real GDP. e. the income distribution of an economy.