CHAPTER 1

Ceteris paribus, the relationship between quantity demanded of dollars/month and the exchange rate is. a. direct. b. inverse. c. positive. d. None of the above. ANSWER: b 55. If a pair of jeans cost $40.00 in the United States and the krone/dollar exchange is 6.40, the jeans will cost how many krone in Norway? a. 6.25. b. .16. c. 256.00. ................
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