Author Question: Refer to Figure 18-2. Consider the market for U.S. Dollars against the British pound shown in the ... (Read 78 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
Refer to Figure 18-2. Consider the market for U.S. Dollars against the British pound shown in the graph above. From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound
 
  A) decreased; 2.00 B) increased; 2.17 C) decreased; 0.46 D) increased; 0.50

Question 2

Which of the following is not a cost posed by inflation?
 
  A) Firms must pay for changing prices on products and printing new catalogs.
  B) The money that consumers and firms hold loses its purchasing power.
  C) Banks can lose if they under predict inflation and charge an interest rate that does not completely compensate for inflation.
  D) Inflation reduces the affordability of goods and services to the average consumer.



abro1885

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

For a complete list of videos, visit our video library