Exchange rates affect:

I. international trade flows.
II. international investment flows.
III. corporate earnings.
a. I
b. II and III
c. I and II
d. I, II, and III

Ans: d. I, II, and III

Economics

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Differentiate between the terms "revenue" and "profit." Assume that a firm sells 20 units of a good at a price of $5 per unit. If the average total cost of the firm is $3 per unit, calculate the firm's profit

What will be an ideal response?

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If salt has a ________, then ________ pay most of any tax levied on salt

A) high elasticity of supply; sellers B) low elasticity of demand; buyers C) high elasticity of demand; buyers D) low elasticity of supply; buyers

Economics