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1. An effective exchange rate for the euro was 91.62 in January 2005 and 94.44 in January 2013. At the same time, an effective exchange rate for the Japanese yen was 132.41 in January 2005 and 144.12 in January 2013. Overall did the euro and the yen appreciate or depreciate between January 2005 and January 2013?
2. Based on the information in the previous question, can you surmise whether the euro appreciated or depreciated against the yen from 2005 to 2013?
Millicent runs an Etsy shop on which she sells bracelets (y) made from ounces of beads (z1) and inches of silver-plated wire (z2). Millicent’s production function is f(z1, z2) = z1^1/4 z2^3/4. What is the equation for the isocost line that goes throu..
Revise the following statements to make them more positive. Plans for the new community center cannot go forward without full community support. ?We must withhold authorizing payment of your contractor’s fee because our superintendent claims your wor..
During the 2012 presidential election campaign, Texas Governor Rick Perry criticized the actions of the Fed Chair Ben Bernanke. He Argued that, "Printing more money to play politics at the particular time in American history is almost treasonous in m..
Elucidate why would elasticity of demand be important to you in determining the products on which the taxes should be levied.
What is the difference between tax cuts imposed on higher-income households compared with lower- and middle-income households? Discuss the implications for the multiplier and the effectiveness of the tax cuts for boosting GDP.
Describe how each of these activities affects government, households, and businesses. Illustrate flow of capital starting from one entity to another for each activity.
The subway fare in your town has just been increased from a current level of 50 cents to $1.00 per ride. As a result, the transit authority notes a decline in ridership of 30 percent. Compute the price elasticity of demand for subway rides.
find the quatanties of capital and labor that maximize output,while at the same time satisfy the firms budget constraint. what will happen to the firms output if the budget is raised by 100?
The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to (-MPLF/MPLC ; -MPLC/MPLF) and it (becomes steeper; is constant; becomes fl..
Bob and Dexter share a dorm room. Bob is a chain smoker but Dexter does not smoke. There are no laws that forbid smoking in the dorm rooms.
The state if Arizona decided to boost its own minimum wage rate by $1.60/hr. This pushed the wage rate earned by Arizona teenagers above the equilibrium wage rate in the teen labor market.
The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports
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