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Category: Economics
  Summary For this paper, I have chosen an episode from Planet Money, titled “Why The Government Pays So Much For Military Stuff”, following this link, Prime contractors, the Pentagon, and why defense is so expensive : The Indicator from Planet Money : NPR. The keywords I used to find this epis...
updated 1 year ago
Category: Economics
Explain: “U.S. exports earn supplies of foreign currencies that Americans can use to finance imports.” Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets: LO27.1 a. A U.S. airline firm purchases several Airbus planes assembled in Fra...
Coursepivot March 11, 2023
a Explanation When goods are exported to foreign countries by producers in Country U, the holdings of foreign currency bank deposits of people in Country U increases. These foreign currency (View full solution)
updated 1 year ago
Category: Economics
Generally speaking, how is the dollar price of euros determined? Cite a factor that might increase the dollar price of euros. Cite a different factor that might decrease the dollar price of euros. Explain: “A rise in the dollar price of euros necessarily means a fall in the euro price of dollars.” I...
Coursepivot March 11, 2023
Explanation Exchange rates for a currency are determined in the foreign exchange market at the point where its supply is equal to its demand. Consequently, the dollar price of the (View full solution)
updated 1 year ago
Category: Economics
Suppose that a Swiss watchmaker imports watch components from Sweden and exports watches to the United States. Also suppose the dollar depreciates, and the Swedish krona appreciates, relative to the Swiss franc. Speculate as to how each would hurt the Swiss watchmaker. LO27.3
Coursepivot March 11, 2023
Explanation Appreciation of a currency implies a rise in its value relative to the foreign currencies, while depreciation of a currency implies a decline in its value relative to the (View full solution)
updated 1 year ago
Category: Economics
Why do you think there is so much government corruption in some developing countries? LO28.4
Coursepivot March 11, 2023
Explanation The developing countries are the poor countries that are dependent on the agricultural sector and try to be more economically and socially advanced. The governments of a few developing (View full solution)
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