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1. What are the different arguments used by the US and Chinese governments about the renminbi's exchange rate?
2. Do you think that the renminbi is overvalued against the U.S. dollar?
3. The PBoC's policy of exchanging all US dollars for renminbi could produce inflationary pressures. How does the PBoC avoid this risk?
4. Does maintaining a quasi-peg to the US dollar have a cost for China? Does the policy of buying US Treasury bonds have a cost for China's economy?
5. After the July 2005 reform, what was China's exchange rate system?
Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold?
Suppose that one must divide $1,000 among 100 students. Which divisions are efficient?
Consider the market for coffee beans. Suppose that the prices of all other caffeinated beverages go up 30% while, at the same time, a new fertilizer boosts production at coffee plantations dramatically. Which of the following best describes what is l..
Which of the following practices would indicate that an employer is trying to overcome a principal-agent problem with his employees?
Suppose that nominal GDP in year 1 is 200 and nominal GDP in year 2 is 242. Assume that inflation is 10 percent per year. How fast did the economy grow between these two years?
Yolanda runs a bulldog farm and when she employed one person, she produced 1,000 bullfrogs a week. Construct Yolanda's total variable cost and total cost schedules. Illustrate what is Yolanda's total fixed cost.
Producers will be made to pay a tax for each beer sold. Use a graph to elucidate why the tax burden will not actually fall on the people that this person wants to punish.
Suppose you are the manager of a restaurant that serves an average of 400 meals per day at an average price per meal of $20. On the basis of a survey, you have determined that reducing the price of an average meal to $18 would increase the quantity d..
When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the change in the total..
The difference between a monopsonist and a monopolist is that. In a perfectly competitive output market, the value of the marginal product of a resource is
Assume that all other banks hold only the required amount of reserves.
FDI's according to their typology, can be divided into 1 horizontal and vertical 2 inward and outward 3 portfolio investment and green field. Classify the following cases according to the above parameters:
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