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

Author Question: The Big Mac index is The Economist's burger-based measure of whether currencies are over- or ... (Read 58 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
The Big Mac index is The Economist's burger-based measure of whether currencies are over- or undervalued.... Exchange rates should eventually adjust to make the price of a basket of goods the same in each country.
 
  Our basket contains just one item: the Big Mac hamburger, which is pretty much the same around the world. The Economist, July 28, 2012 Which principle is The Economist relying on when using the Big Mac to value exchange rates? A) interest rate parity
  B) market price parity
  C) purchasing power parity
  D) exchange rate parity

Question 2

The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is 2 per gallon, then the gallon that gives Dana exactly zero consumer surplus is
 
  A) the 8th gallon.
  B) the 12th gallon.
  C) the 16th gallon.
  D) the 20th gallon.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 29, 2018
:D TYSM

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Habitat reconstruction is possible based on the kinds of plants present at past sites. Habitat reconstruction is possible based on the kinds of plants present at past sites.
Play in Four Cultures Across cultures, play is the most common activity in early childhood. Source: Play in Four Cultures Across cultures, play is the most common activity in early childhood. Source:
Performing Transmission-Based Precaution: Isolation Techniques Performing Transmission-Based Precaution: Isolation Techniques
Based on the experiments summarized here, how do you think women would modify their interactions if ... Based on the experiments summarized here, how do you think women would modify their interactions if ...
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
Connections and settings necessary to measure fuel-injector resistance. Connections and settings necessary to measure fuel-injector resistance.
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library