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- Based on your answer to the Senate Foreign Relations Committee one of the senators raises a concern that the free market price might be too high for the typical Chinese citizen to pay. Accordingly, she asks you to explain what would happen if the Chinese government privatized the market but then set a price ceiling at the Chinese equivalent of $1.50. How do you answer? Assume that the market demand and supply curves (in U.S. dollar equivalent prices) are still given by Qd = 10 − 2P and Qs = 2 + 2P10 - What is the removal of a commodity out of the customs zone of Turkey or into free zones in accordance with the legislation in force, or other exits and transactions to be accepted by the Undersecretariat?A) ImportB) ExportC) Foreign TradeD) AncoonationE) ClearingThe United States Embassy in the Philippines is being required by the Bureau of Customs to pay custom duties on all properties being transported to the Philippines, for use in the embassy by the ambassador and other diplomatic officers. May the US government be required to pay?
- (a) State the profit maximisation problem for a given firm i and find the optimal price the firm charges when selling their output in market k. (b) Explain what determines whether a given firm i chooses to export its output to Foreign or not. (c) Suppose that τ^(σ-1)fX > fD. Provide an economic intuition for this condition. What implications does this condition have for the size and productivity premium of exporters relative to firms that only selldomestically? Are these predictions supported by empirical evidence?Read the following extract and answer question? SA agri posts trade surplus in Q2 despite ongoing Covid challengesThe agriculture sector was able to operate during the various lockdown periods due to it being considered an essential service. Weather also came to the party and allowed for an excellent agriculture season which sawrecord crops across most commodities with the grain and oilseed crop topping 17.07m tonnes which is almost 2% higher year-on-year.Despite logistical challenges, the sector managed to move hefty quantity of produce to the rest of the world with the second quarter of 2021 recording a trade surplus of US$1.5m which is 40% ahead of the same period in2020. Then follows a 36% year-on-year spike in total agriculture exports in quarter two of 2021 at US$3.2bn, bringing the total 1H2021 export value to US$6.1bn which is 30% higher year-on-year…The overall good export revenue was underpinned by strong export demand despite the Q2 Rand exchange rate appreciation of 6%…Read the following extract and answer question?SA agri posts trade surplus in Q2 despite ongoing Covid challengesThe agriculture sector was able to operate during the various lockdown periods due to it being considered an essential service. Weather also came to the party and allowed for an excellent agriculture season which sawrecord crops across most commodities with the grain and oilseed crop topping 17.07m tonnes which is almost 2% higher year-on-year.Despite logistical challenges, the sector managed to move hefty quantity of produce to the rest of the world with the second quarter of 2021 recording a trade surplus of US$1.5m which is 40% ahead of the same period in2020. Then follows a 36% year-on-year spike in total agriculture exports in quarter two of 2021 at US$3.2bn, bringing the total 1H2021 export value to US$6.1bn which is 30% higher year-on-year…The overall good export revenue was underpinned by strong export demand despite the Q2 Rand exchangerate appreciation of 6%…
- Read the following extract and answer question?SA agri posts trade surplus in Q2 despite ongoing Covid challengesThe agriculture sector was able to operate during the various lockdown periods due to it being considered an essential service. Weather also came to the party and allowed for an excellent agriculture season which sawrecord crops across most commodities with the grain and oilseed crop topping 17.07m tonnes which is almost 2% higher year-on-year.Despite logistical challenges, the sector managed to move hefty quantity of produce to the rest of the world with the second quarter of 2021 recording a trade surplus of US$1.5m which is 40% ahead of the same period in2020. Then follows a 36% year-on-year spike in total agriculture exports in quarter two of 2021 at US$3.2bn, bringing the total 1H2021 export value to US$6.1bn which is 30% higher year-on-year…The overall good export revenue was underpinned by strong export demand despite the Q2 Rand exchangerate appreciation of 6%…You have euros and you by the dollar at $1.03 euro and sell it at 1.05 euros per dollar. Ignoring commissions, you came out ahead on the deal. A. TRUE B. FALSEGive me one threats/opportunity of Jollibee corporation interms either inflation/interest rate/wages/regulation, with basis
- Explain why you would be more or less willing to buygold under the following circumstances:a. Gold again becomes acceptable as a medium ofexchange.b. Prices in the gold market become more volatile.c. You expect inflation to rise, and gold prices tend tomove with the aggregate price level.d. You expect interest rates to rise.1.18 Read the following extract and answer question 1.18-1.19. SA agri posts trade surplus in Q2 despite ongoing Covid challengesThe agriculture sector was able to operate during the various lockdown periods due to it being considered anessential service. Weather also came to the party and allowed for an excellent agriculture season which sawrecord crops across most commodities with the grain and oilseed crop topping 17.07m tonnes which is almost2% higher year-on-year.Despite logistical challenges, the sector managed to move hefty quantity of produce to the rest of the world withthe second quarter of 2021 recording a trade surplus of US$1.5m which is 40% ahead of the same period in2020. Then follows a 36% year-on-year spike in total agriculture exports in quarter two of 2021 at US$3.2bn,bringing the total 1H2021 export value to US$6.1bn which is 30% higher year-on-year…The overall good export revenue was underpinned by strong export demand despite the Q2 Rand exchangerate appreciation…Discuss the challenges encountered with barter trade (Chapter 21).
