The Price of a New Apple IPod Has Increased by 1/4

question 49

Multiple Choice

The price of a new Apple iPod has increased by 1/4. If the original price of the Apple was $200, what is the price today?

• A) $150
• B) $250
• C) $200
• D) $175
• E) None of these

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Definitions:

Rational Expectationists

Economists who argue that individuals make decisions based on their rational outlook, available information, and past experiences.

International Capital Flows

The movement of money for the purpose of investment, trade, or business production across international borders.

Central Bank

A bank whose chief function is the control of the nation’s money supply.

Marc Levinson

An economist, historian, and author known for his work on globalization, economics, and the history of business and technology.