Questions
I need a really detailed answer Egyptian Pound went through some volatility since it was floated...

I need a really detailed answer

Egyptian Pound went through some volatility since it was floated in November 2016 until today. This could be broken down in 4 main phases as follows:

Phase 1: From floatation till June 2018

Phase 2: From June 2018 - December 2018

Phase 3: From January 2019 - February 2020

Phase 4: Coronavirus worldwide outbreak

what happened during each of the above 4 phases and in full details how these factors impacted the EGP exchange rate versus the Dollar?

In: Economics

I need a really detailed answer Egyptian Pound went through some volatility since it was floated...

I need a really detailed answer

Egyptian Pound went through some volatility since it was floated in November 2016 until today. This could be broken down in 4 main phases as follows:

Phase 1: From floatation till June 2018

Phase 2: From June 2018 - December 2018

Phase 3: From January 2019 - February 2020

Phase 4: Coronavirus worldwide outbreak

what happened during each of the above 4 phases and in full details how these factors impacted the EGP exchange rate versus the Dollar?

In: Economics

Please use the economics knowledge you have learned so far to analyze the case below. You...

Please use the economics knowledge you have learned so far to analyze the case below. You can propose your own questions and then answer them. Remember, there is no absolutely correct answer to this exercise. Its purpose is to provide you an opportunity to demonstrate your ability to think like an economist by applying economic principles to interpret the logic of a real-world phenomenon. Why Is JPMorgan Chase Laying Off Workers? Many workers lost their jobs during the 2007–2009 recession and the banking industry was hit especially hard. JPMorgan Chase, the largest bank in the United States, saw its profit decline by two-thirds from 2007 to 2009. By 2015, the U.S. economy and JPMorgan were well into a recovery, but banks were still struggling for three key reasons: Interest rates remained at low levels, increased regulation caused some banks to stop certain activities—such as making student loans—and technological change resulted in more activity taking place online. In May 2015, JPMorgan announced it would lay off 5,000 workers. Three other banks—Bank of America, Citigroup, and Wells Fargo—also laid off workers for similar reasons.

In: Economics

What do you think were the reasons why Korea’s economy did not develop in the past?...

  • What do you think were the reasons why Korea’s economy did not develop in the past?
  • What challenges did Korea face?
  • How could South Korea overcome these challenges?
  • What were some of South Korea’s first exports?

In: Economics

Tom Wilson is the operations manager for BiCorp, a real estate investment firm.  Tom must decide if...

Tom Wilson is the operations manager for BiCorp, a real estate investment firm.  Tom must decide if BiCorp is to invest in a strip mall in a northeast metropolitan area.  If the shopping center is highly successful, after tax profits will be $100,000 per year.  Moderate success would yield an annual profit of $50,000, while the project will lose $10,000 per year if it is unsuccessful.  Past experience suggests that there is a 40% chance that the project will be highly successful, a 40% chance of moderate success, and a 20% probability that the project will be unsuccessful.
The project requires an $800,000 investment.  If BiCorp has an 8% opportunity cost on invested funds of similar riskiness, should the project be undertaken?

In: Economics

1. What other ways have you seen YouTube used as a marketing platform? 2. Do you...

1. What other ways have you seen YouTube used as a marketing platform?

2. Do you think certain forms of YouTube marketing (recall your responses to the previous question) are more effective than others?


3. What specific examples of YouTube marketing can you recall?

In: Economics

how pollution fits as a externality?

how pollution fits as a externality?

In: Economics

what benefits undocumented immigrants get?

what benefits undocumented immigrants get?

In: Economics

If people believe that the economy’s output level is about to fall, how may their actions...

If people believe that the economy’s output level is about to fall, how may their actions aggravate the problem?

Why will some people suffer more than others from a downturn in economic activity?

In: Economics

What does Adam Smith consider to be the main cause of the wealth of nations? Why...

What does Adam Smith consider to be the main cause of the wealth of nations? Why does this factor have such a powerful impact on wealth?

In: Economics

2. The Second Fundamental Theorem of Welfare Economics says that any point on the contract curve...

2. The Second Fundamental Theorem of Welfare Economics says that any point on the contract curve can be supported by a competitive equilibrium. This question has you illustrate and explain this argument. Start with an Edgeworth box diagram for a two-person, two good economy. In your diagram assume that there is a total of 100 units of food and 100 units of clothing which will be split between two people (Person A and Person B).

(a) Let’s say that the initial endowment is quite unequal giving Person A 90 units of both goods and Person B 10 units of each good. Illustrate this endowment point in the Edgeworth box.

(b) Say that if A and B trade from this endowment point they would trade to an efficient point where A has 95 units of clothing and 86 units of food while B has the remaining units of each good. Add indifference curves to your diagram in (a) to show this situation.

(c) Add a contract curve to your picture (note that it must go through the point Person A and Person B trade to in part (b)). Draw the contract curve so that it just happens to also go through the point where A has 50 of each good and B has 50 of each good.

(d) According to the Second Fundamental Theorem of Welfare Economics a government could use redistribution and markets to attain the outcome on the contract curve where each person gets 50 of each good. Explain how this could be done and illustrate.

In: Economics

QUESTIONS 1-2 test your understanding of the causes and consequences of economic growth. 1. Is population...

QUESTIONS 1-2 test your understanding of the causes and consequences of economic growth.

1. Is population growth good for idea generation? A Yes, population growth is good for idea generation. B No, population growth is bad for idea generation.

2. Are people in the U.S. better off when other countries grow rich? A Yes, people in the U.S. are better off. B No, people in the U.S. are worse off.

In: Economics

According to Smith, what effect does the number of people participating in the economy have on...

According to Smith, what effect does the number of people participating in the economy have on society’s wealth? Why?

In: Economics

c = 100 + 0.8 (y - t) i = 500 - 50r g = 400...

c = 100 + 0.8 (y - t)

i = 500 - 50r

g = 400

t = 400

Md = P(0.2y + 500 – 25r)

Price level is fixed at 1.

The money supply is 520

  1. The government increases taxes by one unit.
  1. Calculate the shift of the IS curve.
  2. What is the change in the level of aggregate demand?
  3. What is the change in the interest rate and investment?
  4. What is the change in disposable income and consumer expenditure?
    e. What is the change in the government’s budget balance?

In: Economics

Assume an economy with 1000 consumers. Each consumer has income in the current period of 50...

Assume an economy with 1000 consumers. Each consumer has income in the current period of 50 units and future income of 60 units and pays a lump-sum tax of 10 in the current period and 20 units in the future period. The market real interest rate is 8%. Of the 1000 consumers, 500 consume 60 units in the future, while 500 consume 20 units in the future.

a) Determine each consumer’s current consumption and current saving

In: Economics