Answer:
Predicted exchange rate = Country price of Big Mac/ US price of Big Mac
Predicted exchange rate:
Chile = 2,050 / 4.37
= 469.11 Pesos / US dollar
Hungary = 830 / 4.37
= 189.93 Forints / USD
Czech Republic = 70 / 4.37
= 16.01 Korunas / USD
Brazil = 11.25 / 4.37
= 2.57 Real/ USD
Canada = 5.41 / 4.37
= 1.24C$/ US$
<em>According to purchasing power parity, the predicted exchange rate between the Hungarian forint and the Canadian dollar is </em><em><u>153.42 Forint per C$</u></em><em>. However, the actual exchange rate is </em><em><u>217 Forint per Canadian Dollar</u></em><em>.
</em>
Predicted exchange rate = 830 / 5.41 = 153.42 Forint per C$
Actual Exchange rate = 217/1 = 217 Forint per C$
Answer:
D. Logical fallacies are unethical because they use logic to emphasize falsehood.
Explanation:
A logical fallacy is reasoning or error of argument which is logically incorrect and renders the validity of an argument invalid.
There are types of logical fallacies such as Ad Hominem, Straw man, etc.
Logical fallacies are easily identified because they usually lack evidence to support their claim.
When something is said to be unethical, it means that it is morally wrong.
Therefore, the false statement from the list is that logical fallacies are unethical because they use logic to emphasize falsehood.
If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will not produce the product at all.
In the production and consumption of goods and services, there exist costs that are passed on to a third party. The general public, who is ultimately responsible for paying for them, is in fact subsidizing goods and services with external costs.
External costs are still necessary to be paid for even when they are not included in the product's price. It is ultimately the responsibility of society as a whole to pay for external costs through taxes, accident compensation, medical expenditures, insurance premiums, deterioration in environmental quality, and losses in natural capital.
Usually, the price of goods and services includes External costs, which results in a higher overall cost. Because consumers frequently select the lowest options, clean, sustainable products have a pricing disadvantage.
Learn more about External costs here
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Answer:
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Assume that you hold a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. You are in the process of buying 1,000 shares of Alpha Corp at $10 a share and adding it to your portfolio. Alpha has an expected return of 21.5% and a beta of 1.70. The total value of your current portfolio is $90,000. What will the expected return and beta on the portfolio be after the purchase of the Alpha stock? Do not round your intermediate calculations.
Old portfolio return
11.0%
Old portfolio beta
1.20
New stock return
21.5%
New stock beta
1.70
% of portfolio in new stock = $ in New / ($ in old + $ in new) = $10,000/$100,000=
10%
New expected portfolio return = rp = 0.1 × 21.5% + 0.9 × 11% =
12.05%
New expected portfolio beta = bp = 0.1 × 1.70 + 0.9 × 1.20 =
1.25
Explanation:
Answer:
E. if technological advances occur is the correct answer.
Explanation:
