If the Exchange Rate Is US$1

question 103

Multiple Choice

If the exchange rate is US$1.28/euro, it takes _____ to buy 1 euro and it takes _____ to buy $1.

• A) $0.78; €1.28.
• B) $1; €1.28.
• C) $1.28; €0.78.
• D) $1.28; €1.

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Definitions:

Invention

The creation of a new product, service, or process, often one that has never been made before, resulting from study and experimentation.

Diffusion

Diffusion in social sciences refers to the process by which an innovation is communicated through certain channels over time among the members of a social system.

Entrepreneurs

Individuals who create, organize, and manage a business venture, taking on financial risk to do so.

Scientific Output

The measurable contributions and results from research activities, often including publications, patents, and new technologies.