If the income per capita of United Kingdom is £23,800 and dollar/pound exchange rate (US$/£) is 1.68 in 2014, the income per capita of UK in US dollars in the same year is ________
A) $30,400 B) $22,829 C) $12,812 D) $39,984
D
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The Fed's goal of interest rate stability
A) was formally abandoned in 1998. B) is motivated by political pressure as well as by a desire for a stable saving and investment environment. C) is undermined by actions the Fed takes to further its goal of stability in financial markets and institutions. D) is undermined by actions the Fed takes to further its goal of price stability.
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be included in the total cost of the business?
A. The cost of ice cream cones B. The cost of the truck C. The opportunity cost of the student’s time D. All of these would be included in total cost.