Business, 13.03.2020 18:31 ScuddyG7164
One U. S. dollar is worth eighteen mexican pesos." that statement is part of microeconomics, because we are talking about the cost in pesos of a single good, namely a dollar. Why is this reasoning incorrect?A. An exchange of dollars for pesos, implicitly, an exchange across international borders. Any such exchange is by definition macroeconomic. B. What makes the statement about dollars and pesos microeconomic is the fact that individual consumers can perform currency exchange transactions. C. Mexico and the U. S., together with Canada, form a single trade zone, within which exchange rates between currencies are not micro- (or macro-) economically significant. D. A dollar is not a "single good" in the required sense. It is a medium by which goods- all goods- are exchanged, and so changes in exchange rates between the dollar and other currencies affect the prices of all goods. E. Microeconomics is about incomes, outputs, employment, and prices. Since an exchange rate does not fall under any of those topics, it is not part of the microeconomics.
Answers: 3
Business, 22.06.2019 07:30
Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric
Answers: 2
Business, 22.06.2019 14:30
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
Business, 22.06.2019 19:50
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
One U. S. dollar is worth eighteen mexican pesos." that statement is part of microeconomics, because...
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