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

Author Question: Suppose that the 12-month interest rates for the United States and the United Kingdom are 7 and 6 ... (Read 69 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
Suppose that the 12-month interest rates for the United States and the United Kingdom are 7 and 6 respectively, and E = 2.10 /. Given this information, what is the expected exchange rate change over the year?
 
  A) 1
  B) 4.2
  C) 2.1
  D) 2.0

Question 2

Explain why each of the following is not a valid argument for protection.
 
  (a) patriotism
   (b) fair play (e.g. level international playing fields)
   (c) preservation of jobs


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ASDFGJLO

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

(a) Protection can lower welfare, which would be unpatriotic.
(b) The notion of fair play does not conform well to the real world. Fair play for producers would be unfair for consumers, etc.
(c) Protection tends to redistribute jobs rather than create new ones.


B

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Estimating cicada population size and predation rates by birds. Estimating cicada population size and predation rates by birds.
Guide to Major Massage Therapy Organizations in the United States* Guide to Major Massage Therapy Organizations in the United States*
Food Assistance Programs in the United States Food Assistance Programs in the United States
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Age structure for the United States Age structure for the United States
Chromatin states, gene content, and characteristic histone modifications Chromatin states, gene content, and characteristic histone modifications
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library