The city of Amsterdam introduced 30 days limit Sydney has 180 days limit The [Select] on short-term rentals whereas く figure best represents the effect of introducing the same policy as Amsterdam. It would cause [Select] accommodation. in rental prices and [Select] ✓ in rental
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- Madison Company is a large manufacturer and distributor of cake supplies. It is based in Chicago(Headquarters) and Trinidad. It sends supplies to firms throughout the United States and the UnitedKingdom . It markets its supplies through periodic mass mailings of catalogues to those firms. Itsclients can make orders over the phone and Madison ships the supplies upon demand Given that one-third of the company sales are exports to the United Kingdom and invoices for exports are in US dollars, the demand for its exports is highly sensitive to the value of the British pound. In order to maintain its inventory at a proper level, it must forecast the total demand for its products which is somewhat dependent on the forecasted value of the pound. In your memo separate demand related factors from the supply related factors, that may influence exchange rate movements. Include any possible governmentCan Huawei Overcome Roadblocks in its Quest for Global Markets? Huawei Technologies Ltd. (Huawei) has been integral in the global markets of the US, Australia, and the European Union for its telecom equipment. In October 2019, Shenzhen-based networking and telecommunications equipment and services company Huawei Technologies Ltd. (Huawei) unveiled its 14-port and 3-D Hexa-beam antennas to address the challenges associated with the 4.5G and 5G era at the 5th Annual Global Antenna and Active Antenna Unit Forum held in Paris. Commenting on the launch, Zhang Jiayi, president of Huawei’s antenna business unit, said, “Huawei focuses on satisfying the requirements of operators in the MBB (mobile broadband) era.” Founded in 1987 in Shenzhen by Ren Zhengfei (Ren), a former military engineer in the People’s Liberation Army (PLA) – the unified organization of the armed forces of China, Huawei started as a sales agent for a Hong Kong-based company selling private branch exchange (PBX)…GlobalCell is an American firm producing cell phones. GlobalCell imports cell phone components from Japan and assembles them domestically. Suppose that in the United States, a cell phone sells for $100 and that 60% of the cell phone's value comes from the value of the imported components. The United States imposes a 30% tariff on cell phones and a 10% tariff on the cell phone's components. Assume that costs of producing components are the same in the United States and Japan and that transit costs are nonexistent. Based on the information provided, the effective rate of protection that GlobalCell receives from the tariff is A. 60% B. -20% C. -13.3% D. 26.7%
- Suppose that there are two countries in the world, USA and Australia, and that each country consumes a tradable good with international price PT = P ∗ T = 2. Assume also that each country consumes local transportantion, a non-tradable service, where the price for nontradables in USA is PN = 1 and in Australia it is P ∗ N =2. Suppose that the law of one 2 price holds for tradable goods and assume that the pricing index φ(P1, P2) = P1^0.5 *P2^0.5, which satisfies the properties discussed in class. (i) Assume that the law of one price holds. What is the value of the nominal exchange rate? (ii) Express the real exchange rate e as a function of relative prices of non-tradables to tradables in Australia and USA, and calculate its value. (iii) How would a tax to local transportation in Australia affect the real exchange rate? (iv) Use the Balassa-Samuelson theory discussed in class to express the real exchange rate in terms of relative productivities of tradable and non-tradable sectors in…Determine whether the following transactions involve spot exchange, a contract, or vertical integration: 1. Clone 1 PC is legally obligated to purchase 300 computer chips each year for the next three years from AMI. The price paid in the first year is $200 per chip, and the price rises during the second and third years by the same percentage by which the wholesale price index rises during those years. 2. Clone 2 PC purchased 300 computer chips from a firm that ran an advertisement in the back of a computer magazine. 3. Clone 3 PC manufactures its own motherboards and computer chips for its personal computers.The opening statement on the website of the Organization of Petroleum Exporting Countries (OPEC) says its members seek “ … to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.” To achieve these goals, OPEC attempts to coordinate and unify petroleum policies by raising or lowering its members’ collective oil production. However, increased production by the United States, Russia, Oman, Mexico, Norway, and other non-OPEC countries has placed downward pressure on the price of crude oil. Please explain: To achieve these goals of stable and fair oil prices, what must OPEC do to maintain the price of oil at its desired level? How easy is it for OPEC to achieve this goal?
- 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…1.19 Read the following extract and answer question 1.19 SA agri posts trade surplus in Q2 despite ongoing Covid challenges The 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 saw record 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 in 2020. 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$6.1bn which is 30% higher year-on-year... The overall good export revenue was underpinned by strong export demand despite the Q2 Rand exchange rate…Steel is produced only in the US and the rest of the world (ROW). The inverse demand and supply in the US are p = 110 - Q9 and p = 20 + Qi, while in the ROw, they are p = 70 - Q% and p = QR. All quantities are in millions of tons and all prices are in dollars per ton. Since steel is produced more cheaply in the ROW, the US imports it from the ROW under international trade. At any price, p, the imports of the US, QM, is the excess demand for steel given by the difference between the quantity demanded and the quantity supplied domestically in the US: QM = Q8 - Qi. Similarly, the exports of the ROW, QE, is the excess supply of steel given by the difference between how much they produce and how much they demand: QE = Q2 - Qg.
- Home's demand and supply for cars are given by: D = 130 - 30P and S = 10 + 30P, while Foreign's demand and supply for cars are: D = 60 - 30P and S² = 40 + 30P (P is thousands of US$). Home has the ad valorem tariff of T = 0.4 per car in place. Now, the Foreign government decides to grant an ad valorem export subsidy of T = 0.4 per exported car. How does this subsidy affect Home welfare? Show graphically the changes to surpluses and tax revenues for Foreign.how this model below relates to the Covid Crisis? More specifically, please use the following graph to explain why price continuously going up during the Covid crisis? (image attached)1. Assume two countries, the U.S (US) and Japan (J), have one good: cars. The demand (d) and supply (s) functions for cars in the U.S. and Japan are described by the following functions: Qd! = 60 – P 1 Qs' = -5 +P QduS = 80 – P 1 QsuS = -10 +P P is the price measured in a common currency used in both countries, such as the U.S. dollar. a. Compute the equilibrium price (P) and quantities (Q) in each country without trade b. Now assume that free trade occurs. The free-trade price goes to 56 U.S. dollars. Who exports and imports cars and in what quantities?