Author Question: The rate at which nations will exchange goods and services is known as the A) exchange rate. B) ... (Read 86 times)

Jipu 123 · **on:** Jun 30, 2018

The rate at which nations will exchange goods and services is known as the

A) exchange rate. B) transfer rate. C) terms of exchange. D) terms of trade.

Question 2

The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 packs of bubble gum per hour. Joanne's money wage rate is 12 per hour. Based on this information, the Bubby Gum company should

A) fire Joanne because she creates a loss for the firm.
B) increase its demand for labor.
C) decrease Joanne's wage rate because she is paid too much.
D) keep Joanne because she creates a profit for the firm.
E) None of the above answers is correct because more information about Joanne's real wage is needed to decide what to do.