Question 45 (3 point)

If the exchange rate between the U.S. dollar and the British Pound is $1.66 per Pound, then what is the Pound per dollar exchange rate? (Express your answer as xx.xx.)

Your Answer:

If the exchange rate between the U.S. dollar and the Euro is $1.72 per Euro and the exchange rate between the U.S. dollar and the Japanese yen is 108.36 Yen per dollar, then what is the Yen per Euro exchange rate?

Your Answer:

If the exchange rate between the U.S. dollar and the British Pound is $1.52 per Pound and the annual rate of inflation is 2.24 percent in the United States and 3 percent in Great Britain, what will be U.S. dollar per Pound exchange rate in one year? (Express your answer as XX.XX)

Your Answer:

1. The "real" interest rate is the yield to maturity:

A plus the inflation rate

B minus the inflation rate

C plus the discount rate

D minus the discount rate

2. If the real Gross Domestic Product of the G-20 countries is growing at a faster rate than real Gross Domestic Product growth in the United States, then the value of the U.S. dollar can be expected to:

A appreciate

B depreciate

C fluctuate

D stagnate

3. An increasing Consumer Confidence Index indicates that:

A consumers are confident in the overall economy and future spending is likely to increase

B consumers are not confident in the current overall economy but future spending is likely to fall

C consumers are likely to curtail spending on credit

D consumers plan on saving more money

1. Assume that the current spot rate for the Canadian dollar is 0.71 USD per C$. How will the Canadian dollar (C$) spot rate adjust over the next year according to Purchasing Power Parity (PPP), given the following information. That is, according to PPP, what is the expected appreciation/depreciation in the Canadian dollar over the next year AND what is the expected future spot rate of the Canadian dollar one year from now? Use the information in the table below to answer the aforementioned questions:

1. You are the manager of a large firm that has obtained a patent on its unique low-carbohydrate energy bars. As such, you are the only firm that sells this unique type of energy bar in the United States. An economist that you have hired estimated that the demand function for energy bars is Q = 200 – 2P and you have estimated your cost function is C(Q) = 50 + 5Q2. This implies that MC(Q) = 10Q. a. What is the inverse demand function? b. What is the marginal revenue function? c. What is the profit-maximizing output for your firm? d. What is the profit-maximizing price for your firm? e. What are profits at the profit-maximizing output? f. What is the own-price elasticity of demand at the profit-maximizing output? g. Will the firm be able to sustain profits over time?

*The 2007​ – 2009 Financial Crisis began​ with:

A.

defaults on subprime mortgages.

B.

commercial banks losing their excess reserves.

C.

hedge funds going bankrupt.

D.

a sharp increase in the federal funds rate.

*Proposals for future financial reform​ include:

A.

a general rule to allow financial markets participants to conduct their business in an unconstrained manner

B.

rules to increase excessive risk taking

C.

less regulation for nonbank financial institutions

D.

policies to prevent institutions from becoming​ “too big to​ fail”

*Which of the following gave the Fed the power to set bank reserve​ requirements?

A.

Federal Reserve Act Amendment

B.

​Glass-Steagall Act

C.

President of the United States Franklin Roosevelt

D.

Banking Act of 1933

Identify the following statements as examples of positive economics, normative economics, or the art of economics:

a. Based on microeconomic models, extending the tax cuts instituted in 2001 will likely continue to further the trend of growing income inequality in the United States.

b. The Federal government needs to raise the minimum wage to $8 per hour so that families will have sufficient income to meet their basic needs.

c. A country’s overall income is more important than how that income is distributed.

d. One in four workers today has no access to employment-based family health coverage.

e. To reduce income inequality in the U.S., we could increase the earned-income tax credit.

f. It is the federal government’s responsibility to assure health coverage for all families.

A 23-year-old woman was admitted to your institution with abdominal pain with nausea and vomiting for the past 2 weeks. She immigrated to the United States 1 year ago from a Latin American country, has limited English skills, and has not been able to work. As her nurse, you attempt to engage her in conversation. She rarely makes eye contact and has a flat affect. You note that she is holding onto a rosary

1. What pertinent data can you gather based on available patient information?
2. What factors should the nurse consider to be related to this patient’s access to health care?
3. What questions should you ask yourself when caring for this patient?
4. How might the human dimensions guide the nurse for this patient’s care plan?

ONE PAGE LENGTH ESSAY ANSWER THESE FOLLOWING QUESTIONS

Much effort has been taken to describe the competing paradigms at work in American popular culture.Briefly, describe the traditional, Judeo Christian worldview, additionally, summarize the modern, Secular Humanist worldview. Which of these paradigms is closer to your own personal worldview? Elaborate on the way you see the world, and how your beliefs impact your political views.”

The issue of illegal immigration was discussed at length in class. In an essay, define the competing concepts of “nationalism” and “globalism.” Explain how proponents of each concept might feel about open borders and unlimited immigration. In its history, has the United States ever implemented “pauses” in immigration to allow for “assimilation” of large groups of new arrivals? Would that be appropriate today? Why or why not?

In the past year, the price of dry-cleaning solvent doubled. More than 4,000 dry cleaners across the United States disappeared as budget-conscious consumers cut back. This year the price of hangers used by dry cleaners is expected to double. Source: CNN Money, June 4, 2012 Please answer the following questions in graph(S-D Curve) !!!!!!!!! show in a graph for each!!!!!!!

a. Explain the effect of rising solvent prices on the market for dry cleaning. show in graph.

b. Explain the effect of consumers becoming more budget conscious along with the rising price of solvent on the price of dry cleaning.show in graph.

c. If the price of hangers does rise this year, do you expect additional dry cleaners to disappear? Explain why or why not. show in graph.

Instructions for Case “Jaguar plc, 1984”** In July 1984, the British Government decided to privatize Jaguar plc. Jaguar sold over 50 % of its cars in the United States, but its production was confined to Britain, so it was subject to considerable exchange rate exposure. Your task is to take into account the exposure in pricing the shares of Jaguar and value how much the firm is worth under several exchange rate scenarios. Below is a list of questions you must address in your case analysis. For each answer, be sure to attach spreadsheets showing how you obtained the answer and describe any relevant calculations in your write-up. Be sure to be as clear and concise as possible. 1) Discuss about Jaguar’s exchange rate exposures. To which currencies is Jaguar exposed? What are the sources of these exposures?