According to the long run money market model, if money supply is growing at 4% in the

United States and 5% in the United Kingdom, while real GDP is rising at 2% in the United States, and at

1% in the United Kingdom, what will happen to the nominal exchange rate between USD and British

pound? What is the rate of expected depreciation?

Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below.

Which country has an absolute advantage in producing​ tacos? 

The United States

Mexico

.Which country has a comparative advantage in producing​ tacos?  

The United States

Mexico

.Suppose the United States is currently producing 160 tons of hamburgers and 48 tons of tacos and Mexico is currently producing 16 tons of hamburgers and 40

tons of tacos. If the United States and Mexico each specialize in producing only one good​ (the good for which each has a comparative​ advantage), then a total of

additional​ ton(s) of hamburgers can be produced for the two countries combined ​(enter a numeric response using an​ integer) and a total of

additional​ ton(s) of tacos can be produced.

question 6

The United States imposes a tariff on foreign limes. How does the tariff affect the U.S. price of a lime and the production of limes in the United States?

(a) Determine the pre-trade relative price of tequila in Mexico and the United States.

(b) Given your answer in part (a), which country has a comparative advantage in the production of rice?

(c) What is the lowest international relative price of tequila Mexico is willing to accept in order to engage in trade with the United States? Explain why.

Now suppose that as a result of international migration policy, the number of laborers in the United States expands to 200 while the number of laborers in Mexico decreases to 3

(d) What is the range of possible terms of trade for the United States? Which end of the range do you think the terms of trade will be closer to?

(e) Which country do you expect gains more from trade? Briefly explain why.

12.) Facebook reports that 70% of their users are from outside of the United States and that 50% of their users log on to Facebook every day. Suppose 20% of their users are United States users log on every day. a) What percentage of Facebook’s users are from the United States? b) What type of probability is the 20% mentioned above? c) Construct a contingency table showing all the joint and marginal probabilities. d) What is the probability that a user is from the United States given that he or she logs on every day? e) Are From the United States and Log on Every Day independent? Explain 33.) In a sample of real estate ads, 64% of homes for sale had garages, 21% have swimming pools, and 17% have both features. What is the probability that a home for sale has: a) A pool, a garage, or both? b) Neither a pool nor a garage? c) A pool but no garage?  

During the 1950s, the United States imported wool from Great Britain, exporting wheat, while Great Britain imported wheat from the United States, exporting wool. In 1957 Hungarian-American economist Bela Balassa compared the production of wool and wheat in the United States and Great Britain. For both of these products, Balassa found that the United States could produce a larger amount of output than Great Britain. Some American politicians used this result to argue that there was no gain to the United States from continuing to import wool from Great Britain. Were the American politicians correct? Explain whether or not gains from free trade exist when one of the trading countries has the absolute
advantage in producing both goods. Explain why or why not gains from trade would exist in this case and what determines whether gains from trade exist

Assume a two-country, two-good, two-input model. Let the countries in the model be the United States and the Rest of the World and the goods be steel and wheat. The two factors of production are capital and land. Further, the United States is capital-abundant and steel production is capital-intensive. Suppose, in the absence of trade, the United States operates at a point on its production possibility curve where it produces and consumes 20 units of wheat and 20 units of steel. Once it engages in free trade, the international price of one unit of steel is two units of wheat. In response to the opening of trade, the United States moves along its production-possibility curve to a new point where it produces 30 units of steel and 10 units of wheat. Is the United States better off following the opening of trade? Illustrate with a diagram and provide a clear explanation for your answer

The Amendment(s) to the United States Constitution having implications in criminal processes in the United States are :

The Fifth Amendment of the Constitution provides what right(s) to a person tried with a crime.

The elements that had to occur for the common law crime of burglary to occur were:

The types of product defects are:

The United States has subsidies for farmers in the United States which drives down the cost of food. Proponents of free trade argue that these subsidies are a form of government waste and that allowing the free market to work will produce greater competition to help keep food prices low. They also argue that the system had loopholes that contribute to excessive waste.

Proponents of market intervention argue that subsidies are needed to keep farmers competitive with the rest of the world which also subsidizes their farmers. They also argue that lower food prices benefits outweigh the increase in tax to subsidize food.

Identify groups that are impacted both positively and negatively from this policy (please cite the website used)

The United States has subsidies for farmers in the United States which drives down the cost of food. Proponents of free trade argue that these subsidies are a form of government waste and that allowing the free market to work will produce greater competition to help keep food prices low. They also argue that the system had loopholes that contribute to excessive waste.

Proponents of market intervention argue that subsidies are needed to keep farmers competitive with the rest of the world which also subsidizes their farmers. They also argue that lower food prices benefits outweigh the increase in tax to subsidize food.

Identify the problem that is causing the desire for market intervention (please cite the website used)