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Colombia is the world's biggest producer of roses. The global demand for roses increases and at the same time Columbia's central bank increases the interest rate. In the foreign exchange market for Colombian pesos, what happens to The demand for pesos? The supply of pesos? The quantity of pesos demanded? The quantity of pesos supplied? The peso-U.S. dollar exchange rate?
Suppose if there were no tax profits and behavior is governed through rational self interest, would people give to charitable institutions? use economic principles to describe.
What are the equilibrium quantity and price? How much consumer surplus exists in this market? If a $2 excise tax is levied on this good, what will happen to the equiilibruim price and quantity? What will the consumer surplus be after the tax?
calculate the equilibrium number of visits, and total expenditures. b) Suppose that the consumer purchases an insurance policy that allows her to pay a 25% coinsurance rate. Calculate the new equilibrium number of visits and the total expenditures..
Suppose that the interest rates in the U.S. and Germany are equal to 5%, that the forward (one year) value of the € is F$/€ = 1$/€ and that the spot exchange rate is E$/€ = 0.75$/€. Please answer the following questions by explaining all steps of ..
Mattie drove 150 miles in the same amount of time it took a turbo propeller to travel 600 miles. The speed of the plane was 150 miles faster than the speed of the car. Find the speed of the plane.
Biro's patent prevented him from producing an exact copy so Reynolds reverse engineered the product, developing an alternative, arguably inferior design and introduced Reynolds ballpoint pens to the United States in October 1945 as the first ball ..
What would you Gues about the products' cross elasticity of demand for shoes and sneakers, gasoline and sport utility vehicles, bread and butter, instand camera film and regular camera film a positive or negative.
Why does there always seem to be an abundance of HMO's in some areas and none in others. Should everyone be entitled to health care whether they can afford it or not Who should pay for the ones who cannot afford health care
What type of jurisdiction did the federal courts have in this case? Was it a federal question case or a diversity of citizenship case? Why?
If all firms have the same marginal external costs and marginal abatement costs, which form of environmental regulation can result in the optimal level of pollution?
Assume the situations faced by the subsiquent individuals. Who gains and who loses.
Explain why the U.S. government subsidizes the industry - Describe how the subsidy alters the market outcome (address issues like the production possibility curve, quantity supplied and demanded and price).
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