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Question: Suppose that under the gold standard the mint par of 1 ounce of gold is $40 in the United States, £20 in the United Kingdom, and 60 pesos in Mexico. Assume that the cost of transporting gold between any pair of countries is $1 (or equivalent in £ or pesos) per ounce.
(a) Calculate (in $/£) the gold export point from the United States to the United Kingdom and the gold import point to the United States from the United Kingdom.
(b) Calculate (in peso/£) the gold export point from Mexico to the United Kingdom and the gold import point to Mexico from the United Kingdom.
(c) Calculate (in peso/$) the gold export point from Mexico to the United States and the gold import point to Mexico from the United States.
The Tax Foundation says this is because of economic growth leading to higher incomes and higher taxes.
Calculate depreciation expense for the life of the asset - Calculate the depreciation for year - On July 1 year 3 the asset was sold for $5,000. Record your entry using straight line Method.
Proponents of trade liberalization which freer trade might actually improve the quality of the environment.
1. Strictly speaking, pure competition never has existed and probably never will. Then why study it 2. Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures
A firm has a long-run cost function C1(y) = y^3 - 10y^2 + 30y. 1) Derive the firm's long-run average cost function 2) Derive the firm's long-run marginal cost function 3) Find the level of production with the lowest average cost 4) What is..
Discuss the importance of language as part of culture. What are the main forms of language? How can knowledge of a foreign language improve an individual's understanding of a foreign culture?
Again, suppose that in the economy described in Question 10, government spending increases by 10. What is the change in the trade balance?
Explain profile in terms of networking concept? What is sneakernet?
2) Refer to table above. Consider a simple economy that produces only three products: burritos, flashlights, and golf balls. Use the information in the table to calculate the inflation rate for 2013 (vs. 2012), as measured by the consumer price inde..
Quinton needs a new refrigerator. He has two choices a basic one, or a more efficient one from Energy Star. He earns 4% compounded annually on his investments, he wants to consider a 10-year planning horizon, and he will use present worth analysis to..
1. Give an example of the use of physical separation for security in a computing environment. 2. Give an example of an object whose security level may change during execution.
Winston Churchill once said that democracy is the worst form of government except for all others. What did he mean in microeconomic terms Would a more viable democratic system add to or reduce the ability of government.
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