Assuming free markets, purchasing power parity refers to a situation in which the real purchasing power of a currency is the same in domestic and international trade. TRUE/False :
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Assuming free markets,
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- Considering an economy with two labor markets – one for agricultural workers and one for manufacturing workers. Suppose there is a Dutch Disease which explains about a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non profitable the production of tradable goods using technology in the state-of-the-art. It is an obstacle to growth on the demand side, because it limits investment opportunities. Suppose initially that neither is unionized what will happen to these conditions? a) If manufacturing workers formed a union, what impact would you predict on the wages and employment in manufacturing? b) How would these changes in the manufacturing labor market affect the supply of labor in the market for agricultural workers? c) What would happen to the equilibrium wage and employment in this labor market?The exchange rates for OMR and MAD (Moroccan dirham) against USD are as follows: OMR 0.3851 = 1 USD MAD 8.6200 = 1 USD Based on above mentioned exchange rates, determine the cross exchange rate for OMR/MAD and MAD/OMR.Which statement is incorrect related to forward exchange rates? * They are relevant for any non-domestic business transactions. They reflect expectations about the future value of currencies They are normally determined by the forces of demand and supply in the in the FOREX Market. They are usually slightly lower than the spot rate. none of the above
- When income increases, expenditure on imports tend to increase. Which of the following best describes this relationship? Select one: a. A positive relationship. b. A negative relationship. c. An inverse relationship.The Aggregate Demand- Aggregate Supply (AD-AS) model can be used to illustrate that by choosing the right combination of measures (policies) it is possible for the economy to grow without it experiencing inflationary pressures. Discuss four supply-side measures that policy makers can implement to expand the economy without increasing the inflationary pressure in the country?Which of the following is true about the IMF and World Bank? a. More than 190 countries participate as members of the IMF. b. They aid in dollarizing the economies of foreign nations. c. The IMF lends money to all types of countries, including advanced, emerging, and developing economies. d. The IMF provides loaner currency to countries experiencing hardship. Which of the following payment types offers payment protection to both exporters and importers, as the importer’s bank writes a guarantee of payment? a. A commercial letter of credit b. Payment in advance c. A syndicate d. A banker’s acceptance The supply chains of global businesses such as Boeing, Ford, United Airlines, and the pharmaceutical companies Merck and Pfizer are known as which type of supply chain? a. Enterprise b. Telecommunication c. Global d.…
- If a country’s currency depreciates, more of that currency will be needed to buy another country’s currency. True or false?Asume you are a Mexican importer who must pay 500.000 euros at the end of 90 days when you receive 2.000 cases of French wine at your warehouse in Mexico City Suppose you have not covered this transaction in the forward market in which of the following cases will you suffer the largest loss. A) The peso (spot) initially appreciates by 3 percent, and then depreciates by 2:9 percent.B) The peso (spot) initially depreciates by 3 percent, and then appreciate es by 2 percentC) The peso (spot) initially appreciate by 2 percent, and then depreciates by 1 percent.D) The peso (spot) exchange rate value vis-a-vs the euro does not changeThe Standard Model The Standard Model of Trade is a general model that accommodates other models which reference specific sources of comparative advantage, e.g. Ricardian model (differences in labour effectiveness) and Heckscher–Ohlin model (references ‘factors of production’). There are four key relationships upon which the Standard Model is based. Please list each of the four relationships and give one example for each.
- In looking at the distribution of countries in terms of the price of 1 gigabyte of mobile data, certain relationships seem to make more economic sense than others. From the following set, please identify that statement that provides a fundamentally wrong interpretation for the wide variation in the price of 1 gigabyte of MB of data worldwide A) Countries with some to extensive fixed-line telecom infrastructure can offer mobile plans with more data at a cheaper price. B) Low demand in a market typically leads to an increase in competing mobile providers, which in turn reduces the supply of product, and hence, lower the price to consumers. C) Wealthier nations tend to charge more for mobile services since the population can generally afford to pay more. D) Countries with minimal or no fixed-line telecom infrastructure must rely on more costly connections, such as satellites, and the higher cost typically gets passed to the consumer. E) Operating a local network in…In 1960 a U.S. dollar sold for 620 Italian lire. If PPP held in 1960, what would the PPP value of the exchange rate have been in 1987 if Italian prices rose 12 times and U.S. prices rose 4 times between 1960 and 1987?9. The process of buying a currency low and selling it high in different markets is known as A. Currency Swap B. Spot exchange rate C. Pegged exchanged rate D. None of the Above