1. If the Turkish Lira appreciates against the euro, then

A) Europeans should find Turkish goods now less expensive.

B) Turkish consumers would find Turkish goods relatively less expensive than European goods.

C) European goods should have an easier time competing against Turkish goods in both countries.

D) Turkish goods should have an easier time competing against European goods in both countries.

Find the true one please

QUESTION 21

1. Hegemonic stability theorists argue that in the interwar period

QUESTION 22

1. 
   
   
   The 1944 Bretton Woods Conference resulted in the formation of the
   

QUESTION 23

1. States in the mercantilist period

QUESTION 24

1. Its advocates supported extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy.
   
   
   
   
   

QUESTION 25

1. The theorists most likely to view small states as benefiting more than large states from open regional trade agreements (RTAs) are

Consider a Cournot duopoly of two identical cigarette producing firms, Warlboro and Cramel. They produce tobacco of same quality and, ceteris paribus, each firm sells to 1 million smokers, making $100 profits per smoker.

These 2 million smokers are addicts (as most smokers are). They may change which tobacco they smoke but they do not quit. On the other hand, those who are not smokers will not start even if they are encouraged (because they understand the harm). In other words, the size of the market is fixed (the demand is extremely inelastic).

Any of the two firms may try to win the customers away from the rival by advertising. If Warlboro spends $20 million on the ads while Cramel spends nothing, Warlboro wins additional half a million smokers, that is, Warlboro sells to 1.5 million while Cramel sells to 0.5 million. If Cramel spends $20 million on the ads while Warlboro spends nothing, Cramel wins additional half a million smokers, that is, Cramel sells to 1.5 million while Warlboro sells to 0.5 million. If both firms spend $20 million on the ads, their efforts cancel each the other and each firm sells to 1 million smokers. In every scenario, the profits per smoker remains $100 (not accounting for the ad spending).

Q.Think about this game and explain, in your words (50-200 words), why the tobacco producers may lobby the government to ban (make it illegal) advertising tobacco products.

The interest rate on 3-year Australia government bonds has been approximately 0.25% since April. Which of the following is the most likely explanation of this near-zero market rate of interest on government bonds?

a. Australia government budget surpluses in recent years.

b. The target cash rate being set at 0.25%.

c. The low level of government debt.

d. Purchases of bonds by the Reserve Bank of Australia on the secondary market.

e. Purchases of bonds by the Reserve Bank of Australia on the primary market.

Suppose you receive the following spot exchange rate quotes from a bank:

AUD/USD 0.65-0.66

You have USD 1,000,000, which you wish to convert into AUD. How many AUD will you be able to purchase?

a. 650,000.

b. 655,000.

c. 1,538,461.

d. 1,515,152.

e. 660,000.

Due to a global economic crisis, the private sector reduces its investment spending and increases its planned saving, so that the private sector financial balance goes from a deficit of 2% of GDP to a surplus of 5% of GDP. The current account balance goes from a surplus of 1% of GDP to a deficit of 2% of GDP. This implies the fiscal balance must go from a ____________ of _________ of GDP to a ___________ of _________ of GDP.

a. surplus; 1%; deficit; 3%.

b. surplus; 3%; deficit; 3%.

c. deficit; 3%; surplus 7%.

d. surplus; 3%; deficit; 7%.

e. deficit; 3%; deficit 7%.

Since 2009, the national minimum wage has been $7.25 per hour for most occupations in the private sector. Many of those who support an increase in the minimum wage believe this is one way the government could possibly reduce poverty, while its opponents believe that it creates unemployment and hurts low-skilled workers. The following items address the idea of raising the minimum wage from the current federal minimum of $7.25 per hour.

4) What might be an unintended impact on government spending on entitlements such as welfare, food stamps, and unemployment compensation in light of the fact that changes in the minimum wage can create changes in unemployment and underemployment?

5) Do advocates of a minimum wage law believe that workers should be paid based on their output (i.e., performance) or on their level of need? What do opponents of the minimum wage law believe workers’ wages should be based on? Which one is sustainable and why?

For the sake of comparison, how should students be graded in class, based on their performance or level of need?

6) Advocates of a minimum wage often believe that employers would “exploit” or “take advantage” of their workers if there were no minimum wage. How would you know if employers are “taking advantage” of their workers if there were no minimum wage? What could the employee do if they believed they were being exploited?

A.(i) Moment Inc. provides the following data for June 2016 when 15,000 Units are manufactured: Standard Material Cost (Per Unit) 8.50 kg @ $ 7.50/kg Actual Material Cost (Per Unit) 6.75 kg @ $ 13.5/kg Standard Labor cost (Per Unit) 5.5 hrs @ $ 15/hr Actual Labor cost (Per Unit) 6.5 hrs @ $ 12.2/hr Calculate: Direct Material Price Variance Direct Material Quantity/Usage Variance Total Material Cost Variance Direct Labor Rate Variance Direct Labor Efficiency Variance Total Labor Cost Variance (ii) Calculate Variable Overhead Spending Variance if actual labor hours used are 260,standard variable overhead rate is $10.40 per direct labor hour and actual variable overhead rate is $9.30 per direct labor hour. Also specify whether the variance is favorable or unfavorable.   (iii) Calculate the variable overhead efficiency variance using the following figures: Number of Units Produced 620 Standard Direct Labor Hours Per Unit 0.2 Actual Direct Labor Hours Used 260 Standard Variable Overhead Rate $10.40

B. “Managers of most organizations continually plan for the future, and after the plan is implemented, managers assess whether they achieved their goals. What are the two functions that enable management to go through the process of continually planning and evaluating?

Which of the following statements regarding cost flows is true?

Select one:

Cost of goods available for sale is equal to beginning inventory minus cost of goods purchased.

CGAS = beginning inventory minus ending inventory.

CGAS = cost of goods sold minus cost of goods purchased.

Cost of goods available for sale is equal to beginning inventory plus cost of goods purchased.

Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system.

  rev: 02_28_2017_QC_CS-80932

Required:

1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. The March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase.

2. Using FIFO, calculate ending inventory and cost of goods sold at March 31.

3. Using LIFO, calculate ending inventory and cost of goods sold at March 31.

4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.)

5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted-average cost amounts to 2 decimal places.)

6. If Greg’s Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)