6. Mexico and Canada have flexible exchange rates. Suppose the real interest rate in C increases relative to that in Mexico. a. Using a correctly labeled graph of the foreign exchange market for the Canadian dollar, s effect of the change in real interest rate in Canada on the international value of the Canadia (expressed as Mexican pesos per Canadian dollar). b. How will the change in the international value of the Canadian dollar that you identified affect Canadian exports to Mexico? Explain.

2. Indicate whether the following statement(s) applies to microeconomics (Micro) or macroeconomics (Macro): a) A U.S. automobile manufacturing firm announced to hire 500 workers last month. (. b) The unemployment rate in the United States was 13.3 percent in March 2020. c) In 2011 an unexpected late spring frost after planting in southwestern Minnesota incurred additional costs to farmers as they replanted, although replanting payments are covered by insurance. (

7:21 ull ? appliedeconomics01 Done Activity 1 What is it? Instructions: Define the basic terms in economics based on the pictures. Food Clothing

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need help with macroeconomic question  23. A Malthusian and a modern economist walk into a bar and converse as follows: MALTHUSIAN: I bet you $1,000 that I can make the average patron in this bar wealthier with a simple trick.MODERN ECONOMIST: I agree to your bet, and bet you $2,000 that I can do a better job.Thus, the Malthusian proceeds to murder half of the patrons, cleanly disposing of their bodies. The modern economist, on the other hand, replaces the bartender with a robot. How can we explain this ridiculous situation?(A) The Malthusian believes that killing people raises per-capita wealth, while the economist believes that technological improvements raise per-capita wealth.(B) The Malthusian believes that the agricultural commodities used in beer are scarce, and should be preserved; the modern economist believes that technological im- provements raise per-capita wealth.(C) There is no underlying logic to their actions.(D) The Malthusian and modern economists are both soyjacks…

micro 1

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Economics please note that following questions have to be answered in 50-100 words at max, thus l'm requesting you to please answer all the questions instead of just answering by parts, because if I post them part by part they will not be understandable in a subject like MARCOECONOMICS Explain briefly: a) What is the main cause of the differences in living standards today compared to those of a century ago? b) Explain the difference between countries like Norway and countries like USA using the circular flow model. c) Using the key accounting identify, explain how it is possible for a country to have a current account deficit, and a balanced private financial асcount. d) Using the Solow model, explain what happens to current and future consumption when a country saves too much and invests too little. e) If the labour supply increase as the real wage increase, what do you know about the substitution effect compared to the income effect?

Which of the following is a macroeconomic issue? The price of butterThe number of new cars producedThe growth rate of total outputThe price of products sold in the steel industryThe price of cell phone service Question 8.8.When economists make the assumption that wants are unlimited, they mean that most people  want more of everything.are satisfied with what they have.want more of some goods, even if they don’t want more of everything.don’t care what they have.are greedy. Question 9.9.What will cause a change along the supply curve?  The supplier’s expectationsThe supplier’s costsThe price of the goodThe price of all other good? Question 10.10.Ceteris paribus, as applied in demand theory, means accounting for all possible simultaneous changes.holding constant all factors that affect demand except one.observing the real world.holding technology and resource prices constant.holding one input constant while changing the other input.

I need help with this question please