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In a two-country, one-good model, Trinidad and Jamaica both produce only rum. The domestic price of one bottle of rum in Jamaica is 10 Jamaican dollars. The domestic price of one bottle of rum in Trinidad is 15 Trinidadian dollars. According to PPP, what will the exchange rate between the two countries be?
If you want to be 99?% confident of estimating the population mean to within a sampling error of (plus or minus) ±30 and the standard deviation is assumed to be 150?, what sample size is? required? (Use table of values for the standardized normal dis..
An improvement in the technology of air travel has occurred which affects both classes equally. Draw a suitable diagram to illustrate and discuss the effect on the equilibrium price and quantity of business class and economy class tickets. From th..
Below draw an AD/AS graph and a money market graph side-by-side. For the money market, use an upward sloping money supply curve and assume that the equilibrium interest rate in the money market is 5%. Is this rule based policy pro-cyclical or counter..
What is the difference between absolute and comparative advantage? Which is more appropriate for current trade policy?
By how much should the U.S. automakers adjust the price of their automobiles if they wish to increase the volume of their sales by 9.2
Explain how this may be related to the problem of adverse selection. What could banks do to try to reduce this problem?
Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
The traditional U.S. auto industry (the Big Three) has struggled for many years against competition from foreign-owned automobile companies. Their struggle was dramatically heightened in 2008 with the world-wide credit crunch and economic slowdown. A..
The price of rental housing is Ph=$5/square foot and the price of food if Pf=$3/ pound. What is the equation of her budget line?
Value added is the
You are the general manager of a large fixed base operator (FBO) that is engaged in charter flying, instruction, fuel sales and storage hangar rental.
Discuss what is needed to better develop a probation/parole officer’s multicultural skills. Discuss the specific recommendations that you would suggest when attempting to re-integrate prisoners into the community-- successfully.
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