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Suppose the price of beef is expected to rise to $3.10 in Canada and £4.65 in Britain. What should be the one-year forward $/£ exchange rate?
Suppose that they are thinking of each specializing completely in the area in which they have a comparative advantage, and then trading at a rate of 2.5 pounds of potatoes for 1 chicken, would they each be better off
Find the Nash equilibrium of this Bertrand game and find the equilibrium output and profit for each firm.
What is the difference between absolute and comparative advantage? Which is more appropriate for current trade policy?
In the presence of “foreign repercussions,” why is the multiplier for an autonomous increase in home country exports smaller than the multiplier for an autonomous increase in home country investment? Explain in economic terms.
Describe five changes in the vaiables that will cause demand for a product to increase, shifting the demand curve to the right?
Consider a country Z thinking of pegging its currency to the euro as a base currency. If this country has a FEAR OF FLOATING, then it would be willing to peg its exchange rate at higher levels of integration and similarity.
What is probability that these 64 students will spend a combined total between $703.59 and $728.45.
What command would you use to display a big text file called "bigfile.txt" to the screen so you scroll through the file line or a page at a time?
Teresa likes to consume chocolate and yogurt. Her utility function is given by U(x, y) = x0.5y0.5where x and y are the quantities of chocolate and yogurt she consumes. Suppose that her income is $10 and the initial prices for both of the goods is $1...
You select two customers without replacement to get more information on their satisfaction. What is the probability that both say service is poor?
Define the concept of convergence and conditional convergence. What are the predictions of the SOLOW model with constant productivity about both types of convergence.
What is the nature of the interdependence observed in those markets and provide an example of the strategic behavior involved.
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