Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

International economic relations also vary, in large measure, on monetary issues.  You are unlikely to accept the Turkish Lire in payment for your wages in this country, easily because you can't simply use that money to buy anything.  You need U.S. dollars in payment for your services, because you can simply spend the dollar.  Countries act the same way you do.  There are currencies that virtually everybody accepts as payment, and those widely accepted currencies are known as hard currency.

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9621451

Have any Question?


Related Questions in Microeconomics

Industrialization has made america one of the greatest

Industrialization has made America one of the greatest superpowers in the world. But that economic growth and prosperity has come with a price. In the early days of the Industrial Revolution in America factories spewed m ...

Question you run a tutoring service for economics students

Question: You run a tutoring service for economics students. On half of all days the demand for your service is high, with Q H  = 10 - 0.2P Q H  is the number of hours you will work if you choose price P. On the remainin ...

Question - janet spends 20000 per year on painting supplies

Question - Janet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer were for $100,000 per year, and the other was for $90,000. How ...

Question the 78 drop in the nasdaq index was actually

Question: The 78% drop in the Nasdaq index was actually greater in real terms than the 90% drop in the Dow from 1929 to 1932. Yet the economy suffered only a brief recession and rebounded quickly. Why did this huge decli ...

Question use standard ad-as and is-lm analysis to

Question: Use standard AD-AS and IS-LM analysis to illustrate and explain the impact of a monetary expansion in the short run and in the medium run. In your answer, explain why monetary policy is effective in the short r ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question 1 in january 2009 congress passed a major stimulus

Question: 1. In January 2009, Congress passed a major stimulus bill. The bill increased federal spending over several years; in 2010, stimulus spending was $385 trillion, or about 2 percent of GDP. According to the Offic ...

Question in 1979 fed chairman g william miller boosted the

Question: In 1979, Fed Chairman G. William Miller boosted the growth in the money supply in order to keep the economy from falling into recession and cause Jimmy Carter to have to run for reelection in a recession year. ...

Question in a linear demand equation what economic

Question: In a linear demand equation, what economic information is conveyed by the intercept on the price axis? Similarly, what economic information is conveyed by the intercept on the price axis in a linear supply equa ...

Question suppose the value of the japanese yen rises 20 but

Question: Suppose the value of the Japanese yen rises 20%, but in order to maintain market share in the US, major Japanese companies decide not to raise the prices. As a result, their imports do not change, but profits o ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As