This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The late Hugo Chavez, Venezuela's former president, proposed that the independence of the Venezuelan ... (Read 117 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
The late Hugo Chavez, Venezuela's former president, proposed that the independence of the Venezuelan central bank be eliminated.
 
  Given the research on the relationship between central bank independence and inflation, we should expect this event to cause inflation to ________ and the real exchange rate to ________ between the two counties. (Assume the nominal exchange does not change, and that the United States is the domestic country).
  A) rise in Venezuela relative to the United States; fall
  B) rise in Venezuela relative to the United States; rise
  C) fall in Venezuela relative to the United States; fall
  D) fall in Venezuela relative to the United States; rise

Question 2

What is marginal cost? How is it measured?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Marginal cost is the opportunity cost of producing one more unit of a good or service. Along a PPF marginal cost is reflected in the absolute value of the slope of the PPF. In particular, the magnitude of the slope of the PPF is the marginal cost of a unit of the good measured along the x-axis. As the magnitude of the slope changes moving along the PPF, the marginal cost changes.


Diane

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 29, 2018
Thank you :)


Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Adults in late adulthood may need to adapt to a new environment as they age and their health status Adults in late adulthood may need to adapt to a new environment as they age and their health status
A proposed pathway for the action of the E. coli chaperonins GroEL A proposed pathway for the action of the E. coli chaperonins GroEL
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
A miner greets the president. Franklin’s “first-class temperament” compensated for his ... A miner greets the president. Franklin’s “first-class temperament” compensated for his ...
Proposed steps for transformation of a bacterial cell by exogenous DNA Proposed steps for transformation of a bacterial cell by exogenous DNA
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library