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

Author Question: If interest rates in Mexico decrease while the interest rates in the United States remain unchanged ... (Read 156 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
If interest rates in Mexico decrease while the interest rates in the United States remain unchanged then
 
  A) the supply of Mexican pesos will increase.
  B) the supply of Mexican pesos will decrease.
  C) the supply of U.S. dollars will increase.
  D) None of the above answers is correct.

Question 2

If the price elasticity of demand for clothing is 0.64, this implies that
 
  A) a 6.4 percent increase in price the price of clothing leads to a 10 percent decrease in the quantity demanded.
  B) a 10 percent increase in the price of clothing leads to a 6.4 percent decrease in the quantity demanded.
  C) if there is an increase in the price of clothing the total expenditures on clothing decreases.
  D) Both answers A and C are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jun 29, 2018
Wow, this really help

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d
The United States is the most racially– ethnically diverse society in the world. This can be our ... The United States is the most racially– ethnically diverse society in the world. This can be our ...
The left-hand rule states that if a coil is grasped with the left hand, the fingers will point in ... The left-hand rule states that if a coil is grasped with the left hand, the fingers will point in ...
GDP per Capita in the United States, 1870–2009 (Ratio Scale) GDP per Capita in the United States, 1870–2009 (Ratio Scale)
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Chromatin states, gene content, and characteristic histone modifications Chromatin states, gene content, and characteristic histone modifications
Video: Conjunctivitis

For a complete list of videos, visit our video library