Which one of the following relationships between fluctuations in exchange rates and foreign exchange gains and losses is true? a) for an import purchase, a gain results when foreign currency appreciates. b) for an export sale, a loss results when foreign currency appreciates. c) for an export sale, a gain results when foreign currency appreciates. d) for an import purchase, a loss results when foreign currency depreciates. e) none of the above

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t

Partnerships are the most common type of business firms in the world. t/f

Dr. dow jones wants to know whether a problem-based approach to teaching economics will result in higher academic performance than his traditional method. of the six sections of economics 101 at his university, dr. jones randomly assigns three sections to the traditional method and three sections to the problem-based method for unit 1 of the course. then all sections switch the instructional method for unit 2. he plans to compare the performance of the two groups of sections on their unit 1 and unit 2 exams. this study employs a design.