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Three exchange rate regimes have characterized international monetary relations in the 20th century: fixed, floating, and managed. What is meant by these terms? What kind of a system was Bretton Woods? The so-called Triffin dilemma argues that the Bretton Woods system was inherently defective, and that therefore the collapse of the system was to be expected. Explain what is meant by the Triffin dilemma. Could the life of the Bretton Woods system have been prolonged? If yes, why and how? If no, why not?
Discuss the issues involved in deciding upon a value of the social discount rate for evaluating the costs and benefits of current investments to mitigate and/or adapt to climate change.
To help you reach a $5,000 goal five years from now, your father offers to give you $500 now. You plan to get a part-time job and make five additional deposits, one at the end of each year. (The first deposit is made at the end of the first year). If..
Distinguish between explicit and implicit costs, giving examples of each. What are the explicit and implicit costs of attending college? Why does the economist classify normal profit as a cost? Is economic profit a cost of production?
Entrepreneurs see an opportunity where others see obstacles. A recession is a great example. Recession means unemployment, difficulty paying bills, fewer customers, home and business foreclosures, and cost cutting in different areas for individuals a..
Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.
If there are barriers to entry into a market, it is possible for the existing firm to earn positive economic profit. All of the following explain this concept except; 1. it is possible for a firm in this situation to charge any price it wants and thu..
What role does elasticity have on decisions made in the market? How does the availability of substitutes affect the price elasticity of demand? Explain using examples from your experiences.
Explain how did the marketer of which product you purchased direct each of those four elements of the marketing mix to influence your purchase?
Why tax multiplier is smaller than the multiplier for the same amount of government spending? Please explain with the following data: $1 million tax cuts, $1 million increase in government spending, MPC=0.75.
How can a bank manage its liquidity risk while still pursuing profit?
When transaction costs are low enough, efficient resource allocation will follow regardless of the particular assignment of property rights. When transaction costs are high enough, efficient resource allocation requires assigning property rights to t..
most people feel health care is priceless however health care comes with a steep cost. what factors must be considered
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