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Author Question: Suppose that your firm wants to import sugarcane from Brazil. The exchange rate is 3 Brazilian reals ... (Read 61 times)

folubunmi

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on: Jun 29, 2018
Suppose that your firm wants to import sugarcane from Brazil. The exchange rate is 3 Brazilian reals per U.S. dollar and sugarcane costs 36 reals per ton. How much is a ton of sugarcane in U.S. dollars?
 
  A) 12
  B) 39
  C) 108
  D) 109

Question 2

Which of the following decreases aggregate demand?
 
  A) The government increases taxes on both business and personal income.
  B) Foreign incomes rise.
  C) The quantity of money in the economy increases.
  D) Households believe that the economy is headed for good times, with higher future incomes.


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Perkypinki

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


folubunmi

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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