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If the nominal exchange rate of US dollar ($) to Euro (€) is 0.9 (1 USD = 0.9 Euro). Suppose one Subway sandwich is $6 in the US. The same sandwich is €4 in Europe. Using the Subway sandwich as our basket of goods, what is the real exchange rate of USD in terms of Euro.
Based on the IIT index, which sector from the table has the highest share of intra-industry trade? Show calculations and explain your answer.
Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain your..
Harold owns a cranberry bog in which he grows cranberries. Harold’s farm is a competitive, profit-maximizing firm. As such, Harold much decide.
A) Suppose Jean Splicer, an investor, buys $100,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $108,000. If the value of the CPI at the date of Jean's purchase was 160, and rose b..
Draw an AD/SRAS/LRAS graph in initial long run equilibrium. Label the vertical and horizontal axes appropriately.
What is the Todaro paradox? When tenant inputs are unobservable (or unverifiable), what kind of tenancy is the most efficient one (in perspective of the social planner)? Why is sharecropping tenancy so common
Explain how do you balance human suffering with the economic realities.
Depends on your discussion, what is the most critical element(determinant) when considering the determinants of supply. In other words, what determinant has the greatest influence on the economy.
ECON201- Which decisions might be perceived as politically motivated? What are the tradeoffs of preserving some programs while protecting others?
Write a one page paper explaining how organizations use business process management (BPM). Be sure to use at least one source, and address the following in your paper: What is business process management (BPM)?
Define a situation in which a change in the marketplace prompts consumers to buy different amounts of a good or service at every price.
Prepare a minimum 1,050-word analysis of economic data and business data to explain how the core economic principles impact the sustainability of the firm.
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