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In July of 2011, the average price for a gallon of unleaded gasoline was $3.68. How much was that measured in the value of the US dollar in the year YOU were born? You will have to use the following link to search for the indexes you need to perform the calculation. You will need to find the CPI for JULY 2011. You will need to find the "Annual Average CPI" for the year you were born. Make sure that you identify your birth year, your birth year CPI, and the JULY 2011 CPI.
Define NAFTA using the internet to gather some information about NAFTA and why and when it was started?
The demand curve in these markets is almost perfectly elastic. Those sectors that are exposed to global competition usually referred to as the "tradeables" sector, while sectors that are not as vulnerable to external competition.
Draw a production possibilities curve for Mexico and use the two above charts to answer the following questions.
Are you for or against free trade Are you for or against NAFTA What is the economic basis for trade Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
In exchange for a $20,000 payment today, a well known company will allow you to choose one of the alternatives shown in given table. Your opportunity cost is 11 percent.
Compute the ex-post optimal monetary policy and the consequences for nominal exchange rate. Explain your results
The United State imports Japanese cars with a domestic price of 5,000,000 yen and the yen or dollar exchange rate is 120 on January 1, 2003.
Choose the share NYSE:WMT. Take +1,000 observations and answer the following questions does the price series have a unit root?
Recently there have been several news talking about the slowdown of production (and productivity) in south-east Asia (especially China). Answer the following questions under the following assumptions: there are only two regions in the world; the U..
When the British government tripled university fees for foreign students in Great Britain, about one-half of them left to study in other countries." What is the implied price elasticity of demand by foreigners for a British education is (in absolu..
America spends more on every student in public education than any other developed country and yet performs at bottom of every international student achievement test.
Determine justification for capital requirements imposed by bank regulators and why do people who work at investment banks earn so much?
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