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Question: 1. Does a currency board seem to be a useful, practical arrangement for a country? What factors seem critical for a currency board's success?
2. Under what conditions would the world as a whole be an optimum currency area? Do you think that the industrialized countries should be one optimum currency area and the developing countries another? Explain.
3. "The hybrid systems combining fixed and flexible exchange rates are merely ways of avoiding having to make a choice between a fixed rate and a flexible rate. These systems invariably involve the ‘worst of both worlds.' " Discuss.
Suppose that the government imposed a price floor on wages (minimum wage) in order to make sure that workers can earn a living wage. Is this a price floor? What are the economic implications of this action in the labour markets? Use graphs as require..
Who in the Ethiopian society has the most difficult time dealing with scarcity?
Who's Hiding under the U.S. Umbrella? Students of the Cold War learn that, to deter possible Soviet aggression, the United States placed a "strategic umbrella".
Find a minimal edge coloring of the following graphs (color edges so that edges with a common end vertex receive different colors).
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise Did the monopoly increase barriers to entry Does the company behave like a monopoly or more like a competitive firm
Identify 3-5 options for Congresswoman Moody's consideration - Identify criteria that will be used to evaluate the options
Consider again the problem described in appendix 3A, and show that the expected utility of a participating member of a ROSCA is increasing with the number.
Discuss leadership models in one page
An international corporation located in Country A is considering a project in the United States. The currency in Country A, say X, has been strengthening.
As Rob consumes more dates over the course of a day, it is likely that his marginal utility from date consumption will rise." Is the previous statement likely correct or incorrect?
Suppose Janet sells papayas at a perfectly competitive market in Thailand. While her average total cost (ATC) reaches a minimum level of $3.
A producer of synthetic motor oil for automobiles and light trucks has made the following statement: "One quart of Dyno lube added to your next oil change.
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