Currency devaluation ______export producers because_______
a. Helps; exports are more expensive
b. Hurts; exports are more expensive
c. Helps; exports are less expensive
d. Hurts; exports are less expensive
c
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The demand and supply equations for the peach market are:
Demand: P = 24 - 0.5Q Supply: P = -6 + 2.5Q where P = price per bushel, and Q = quantity (in thousands). a. Calculate the equilibrium price and quantity. b. Suppose the government guaranteed producers a price of $24 per bushel. What would be the effect on quantity supplied? Provide a numerical value. c. By how much would the $24 price change the quantity of peaches demanded? Provide a numerical value. d. Would there be a shortage or surplus of peaches? e. What is the size of this shortage or surplus? Provide a numerical value.
In the one-period valuation model, the current stock price increases if
A) the expected sales price increases. B) the expected sales price falls. C) the required return increases. D) dividends are cut.
If the income multiplier is equal to 5, then a $1 initial increase the country's exports will lead to a
a. 5 percent decrease in national income b. 5 percent increase in national income c. $5 decrease in national income d. $5 increase in national income e. 0.05 percent increase in national income
A relationship-specific exchange occurs when:
A. specialized investments are important. B. a partnership is dissolved. C. shareholders receive dividends. D. a partnership is initiated.