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Author Question: Jane is willing to pay 50 for a pair of shoes. The actual price of the shoes is 30. Her consumer ... (Read 87 times)

K@

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on: Jun 29, 2018
Jane is willing to pay 50 for a pair of shoes. The actual price of the shoes is 30. Her consumer surplus on this pair of shoes is
 
  A) 20.
  B) 50.
  C) 30.
  D) 80.

Question 2

If in Chicago the interest rate is 5 percent a year and in Vancouver it is 4 percent a year, ________.
 
  A) the quantity of Canadian dollars purchased will increase
  B) the Canadian dollar is expected to depreciate
  C) interest rate parity does not exist
  D) the U.S. dollar is expected to depreciate


cclemon1

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

A

Answer to Question 2

D


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