Reference no: EM131045944
Exchange Rates, the Big Mac Price Index, and the Debate over Free Trade
Actions for Exchange Rates, the Big Mac Price Index, and the Debate over Free Trade
1. What Price for a Big Mac?
Review a recent Economist report on the Hamburger Index, at https://www.economist.com/content/big-mac-index
Choose a foreign country that you have visited - or would like to visit. Download the data (there is a link at the bottom of the page). USING THE DATA (use "dollar price of a BigMac"in column D) explain whether a Big Mac costs more or less than in the United States. Is their currency over- or under-valued? Explain what that means, in your own words.
Next, check the business section of the newspaper and explain whether the currency that you chose has appreciated or depreciated since the Economist article was written in January 2015.
2. Free Trade - Pro or Con?
After reading the Heritage Foundation's guide for policy-makers, give one example from your own life of of a way in which you have benefitted from free trade. Is there any way in which you have been hurt by free trade, but that this article does not address?
Would some analog of implicit acknowledgments exist
: What are the analogs, if any, to CHAN's fields CID, MID, and BID, and Type values REQ, REP, ACK, and PROBE? Which of these would the overlying RPC protocol have to provide? Would some analog of implicit acknowledgments exist?
|
Sectors of the mexican economy
: Which countries are likely to gain, and which are likely to lose, from the North American Free Trade Area? How are the gains and losses likely to be distributed across occupations and sectors of the Mexican economy? The U.S. economy?
|
What changes would have to be made
: Suppose we wished to add at-most-once semantics to Sun RPC. What changes would have to be made? Explain why adding one or more fields to the existing headers would not be sufficient.
|
Acknowledgment provided a disclaimer of warranty
: Emery Industries (Emery) contracted with Mechanicals, Inc. (Mechanicals), to install a pipe system to carry chemicals and fatty acids under high pressure and temperature. The system required stainless steel ‘‘stub ends'' (used to connect pipe segm..
|
Exchange rates-big mac price index
: Choose a foreign country that you have visited - or would like to visit. Download the data (there is a link at the bottom of the page). USING THE DATA (use "dollar price of a BigMac"in column D) explain whether a Big Mac costs more or less than ..
|
How the rpc server is to behave at restart
: Your mechanism should include how the RPC server is to behave at restart.
|
Efforts to address market failure
: Discuss what has been the governmental efforts to address market failure such as monopoly power, externalities and public goods
|
Gray communications desired to build a television tower
: Defendant, Gray Communications, desired to build a television tower. After a number of negotiation sessions conducted by telephone between the Defendant and Plaintiff, Kline Iron, the parties allegedly reached an oral agreement under which the Pla..
|
Phase of the business cycle
: What are the Psychological and human Affects during the expansion phase and trough phase of the business cycle?
|