The future value of $1 saved today is $1/(1 + r)

Referring to Figure 19.1, Mexican goods will become more expensive in the United States if the exchange rate goes from ________ to ________ pesos to the dollar

A) 10; 13 B) 11; 13 C) 12; 11 D) 12; 13

Which of the following people is counted in the labor force?

a. Len Waxman, who lost his job and last looked for work three months ago b. Bob Bandeen, who holds an MBA in management but can only find part-time employment at a fast-food restaurant c. Phil Esposito, who would like to work as a stockbroker but is now a househusband d. Michael Curtis, who has schemes of getting rich but has never worked in his life, nor plans to e. Bedonna Zack, age 90, who is enjoying her retirement in Montana