Questions from Macroeconomics


Q: If $1 equals ¥0.0093, what does ¥

If $1 equals ¥0.0093, what does ¥1 equal?

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Q: If $1 equals 7.7 krone (Danish), what

If $1 equals 7.7 krone (Danish), what does 1 krone equal?

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Q: If $1 equals 31 rubles, what does 1 ruble equal

If $1 equals 31 rubles, what does 1 ruble equal?

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Q: If the exchange rate is 0.08 = 1 MXN,

If the exchange rate is 0.08 = 1 MXN, what is the cost in dollars of a Mexican table priced at 500 pesos?

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Q: How much time a person will devote to producing and stealing depends

How much time a person will devote to producing and stealing depends on the ratio of marginal benefits to marginal costs of each activity. Give a numerical example to illustrate this point.

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Q: Special-interest group A receives a 1/1,000

Special-interest group A receives a 1/1,000 slice of the economic pie (Real GDP). The group can lobby for one of two different policies, and in each case the lobbying costs are $100. The first poli...

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Q: What are the assumptions and predictions of the simple quantity theory of

What are the assumptions and predictions of the simple quantity theory of money? Does the simple quantity theory of money predict well?

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Q: Using Exhibit 3, explain the logic of how both group A

Using Exhibit 3, explain the logic of how both group A and group B are likely to end up in box 4, even though both prefer box 1.

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Q: Special-interest group A receives a 1/100 slice of

Special-interest group A receives a 1/100 slice of the economic pie. The group spends $100 to lobby for a policy that transfers $1,000 to it but that also reduces the size of the economic pie by $50,0...

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Q: You own 1,250 shares of stock X, and you

You own 1,250 shares of stock X, and you read in the newspaper that the dividend for the stock is 3.88. How much did you earn in dividends?

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