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A certain cell phone sells for 2400 yuan in China and for $300 in the U.S. The nominal exchange rate is 6.5 yuan per dollar.
A. Find the real exchange rate. Show your work.
B. In terms of dollars where is the cell phone cheaper?
If you were desinging such an amendment, do you think it would be better to require that the actual budget deficit be kept at zero each year, or should the aim be only to keep the structural deficit at zero? Discuss.
Use “John Maynard Keynes – capitalism faces its challenge,” in Big Three in Economics by Skousen as your resource to answer the following questions: What was the economic context in which Keynes was writing? How did that affect his economic views?
Suppose the production function is Cobb-Douglas, y = x 1/2 1 x 3/2 2. What is the technical rate of substitution? Does this technology demonstrate increasing, decreasing or constant returns to scale?
Why these former employees faced difficulties because the market for their very technical skills was declining. These workers were.
Define the marginal revenue product (MRPL ) and the marginal cost (MCL ) of labor. Explain why the condition MRPL = MCL is necessary for profit maximization.
What are your monthly payments during years 5, 6, and 7? b. How much interest is in the sixtieth month's payment? How much principal?
Who of the following would be included in the Bureau of Labor Statistics "unemployed" category?
Economists claim that there are several causes of economic inefficiency in medical care. List three basic causes and, for each, describe why it results in economic inefficiency and poor performance in medical markets.
Theoretically, government spending should always result in ________ increase in GDP compared to a tax cut of the same size because
Deficit spending results whenever the government. Issues bonds to finance. Finances current expenditures that exceed. Refinance the dept. none of these choices
q1. in the exhibit below explain how does the real wage rate at point c compare with the real wage at point a? explain
Explain why profits get eliminated in competitive markets. Explain why price exceeds marginal revenue in monopoly. Describe how a monopoly sets output and price.
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