« previous next »

Author Question: If the price of an ounce of gold is 200 ZARs in South Africa and 75 in Canada, what will be the ... (Read 65 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
If the price of an ounce of gold is 200 ZARs in South Africa and 75 in Canada, what will be the South African Rand (ZAR) per Canadian dollar (C) exchange rate?
 a. C1 = 4.25 ZAR
  b. C1 = 1.75 ZAR
  c. C1 = 2 ZAR
  d. C1 = 2.67 ZAR
  e. C1 = 4 ZAR

Question 2

Which of the following is false with reference to subsidies?
 a. They reduce the cost of production.
 b. They transfer the income from tax payers to the exporters.
 c. They mean the nation is exporting products in which it does not have comparative advantage.
  d. They can lead to inefficiencies.


verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and
Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and
This is gold!!!! This is gold!!!!
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Nutrias native to South America are abundant in freshwater marshes of the Gulf States. Their populat Nutrias native to South America are abundant in freshwater marshes of the Gulf States. Their populat
Video: Skin Cancer

For a complete list of videos, visit our video library