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What is the role of the IMF (International Monetary Fund) in the process of Economic Development of developing countries? On Dec 2, 2015, the IMF has upgraded the Chinese currency Renmenbi (the Yuan) to one of the world's reserve currency (so called hard currency) status to align with British Pound, Yen, Euro and the US$. The IMF's decision to officially recognize the China's currency is a symbol of bringing China to the elite status of the internal currency market. This designation of the Renmenbi as a reserve currency is more realistic approach for China as the second largest economy of the world and one of the fastest growth developing countries in the world. After having this status effective in September 2016, there will be several economic and political ramifications of this change of currency status of China. From the perspective of economic development of China and its trading partners, briefly and critically answer the following questions. To qualify for the full credit, you are required to respond to at least one posting from your fellow class mates in this forum.
If we expect the current poor weather conditions to lead to a reduction in the future supply of cotton them:
Find out the equation for the firm's labor demand curve. Find the optimal level of labor for the firm to demand.
Is inflation: High, Moderate, or Low? Is unemployment: High, Moderate or Low; what is the unemployment rate? Are interest rates: High, Moderate, or Low? Is the economy in: Growth, Stagnation, or Recession?
In June 2008, the U.S. retail gas price jumped from $3 to $4 a gallon. This is a 33% increase in price from January 2008. During that time, the total quantity of gasoline purchased fell by 3%. Supplies of gasoline produced also decreased from one mil..
Consider two consumers, John and Maria, each with an quantity of two goods: corn and sugar. Suppose now that John has 40 G and 0 S and that his MRS(GS) is 1G/1S. Maria has 20 G and 70 S and her MRS(GS) is 3G/1S. Are there gains to be had for both Joh..
Suppose an economy produces three goods - Economy with three goods (rice, bananas, and strawberries), Draw its PPF assuming constant opportunity costs. Then draw it with increasing opportunity costs
Billie Joe loves Krispy Kreme donuts and coffee. Billie Joe likes to eat 3 donuts (D) for each cup of coffee (C) he drinks. His utility function is: U = min(0.333D, C). he price of each donut is $0.60 and the price of coffee is $2.20. Given Billie Jo..
You have been asked to estimate the per item selling price of a new line of clothing. Use the estimated time complete item number 50 as your standard time for the purpose estimating the selling price per item( rounded to the nearest cent).
Chapter 2 An example of a case power to the people. Figure 2-6 contains snapshot of excel spreadsheet. What is the formulas used to calculate figure 2-6. Please assist.
What can you determine about consumer demand for your product from this information?
Explain how a decrease in a tax rate might decrease revenue from the tax in the short run but increase the tax revenue in the long run. Give an example of a tax that might have this property. Explain.
The given utility function is U= 100 Qt 0.5 Qc 0.5, the individual’s dual problem is to minimize E=Pt Qt +Pc Qc (show all the works and steps) What is the compensated demand function for Qt? What is income elasticity for good Qt? What is own price e..
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