This topic contains a solution. Click here to go to the answer

Author Question: If 60 pesos can be exchanged for 5 in the foreign exchange market, which of the following represents ... (Read 33 times)

cool

  • Hero Member
  • *****
  • Posts: 570
If 60 pesos can be exchanged for 5 in the foreign exchange market, which of the following represents the nominal exchange rate between the two currencies?
 
  A) 12 dollars for 1 peso B) 5 pesos for 1 dollar
  C) 1 dollar for 60 pesos D) 1 dollar for 12 pesos

Question 2

What will happen to the demand curve for workers in steel mills if some technology that increases their productivity is introduced assuming all else equal?
 
  A) It will cause a downward movement along the demand curve of the workers.
  B) It will cause an upward movement along the demand curve of the workers.
  C) It will cause a leftward shift in the demand curve of the workers.
  D) It may cause a rightward shift in the demand curve of the workers.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

D

Answer to Question 2

D




cool

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Excellent


smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

For a complete list of videos, visit our video library