Answer: Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.
Explanation:
The Federal Open Market Committee(FOMC) is a committee of the Federal Reserve which influences the interest rate in the country by engaging in Open Market Operations (OMO). In doing so, they also influence the value of the dollar which is the currency of the U.S.
By pegging the Argentine Peso to the U.S. dollar, the Argentines effectively gave control of their domestic interest rate to the FOMC because the FOMC in deciding the interest rate for the U.S. and therefore the dollar, will be deciding for any other currency that moves exactly as the dollar does which is what the Peso is now going to do.
Answer:
2 more cars will be produced in the market equilibrium versus the social optimum. The right answer is a.
Explanation:
According to the given data we have the following:
demand for cars is given by the function P = 75 − 3q
private costs are given by the function P = 10 + 2q
75 − 3q= 10 + 2q
Therefore, 65=5q
q=13
P=36
Therefore, socially optimal number of cars is 13.
To calculate How many more cars will be produced in the market equilibrium versus the social optimum, we have to calculate the following:
social cost=10+2q+10
=20+2q
75 − 3q=20+2q
55=5q
q=11
P=20+2(11)=42
Therefore, Qm-Qs=13-11
Qm-Qs=2
2 more cars will be produced in the market equilibrium versus the social optimum
Answer: D. Problem recognition occurs whenever the consumer sees a significant difference between his or her current state of affairs and some desired state.
Explanation: Problem recognition is when a consumer can notice a difference between what is happening and what is being perceived. The consumer needs to be able to distinguish the difference between actual and perceived to make sure they are in the right stage of the buying process and accomplishing what they wish to happen.
Answer:
The contract expected value is 3,540
Explanation:
we multiply each possible outcome by their probability of occur.
sink the piers into bedrock : (600) x 10% = (60)
sink the piers normally: 4,000 x 90% = <u> 3,600 </u>
Net 3,540
It is important to always have all the probabilities add up to 100% in order to this method to work.
