Economics Questions, Problems & Solutions : TransWikia.com ~ Page 6

Balance of payments and the free floating exchange rate system

I am a beginner economics student and recently, I have been learning about how balance of payments surpluses are important for a country to control the value of its currency...

Asked on 09/04/2021

1 answer

inflation rate vs interest rate on calculating present value of future money

i use the formula 100/(1+r)^T to calculate the present value of my future money while r is interest rate and T is year. However , for my country , interest...

Asked on 09/03/2021

2 answer

Why is money in circulation a liability of the central bank?

We know that the money today is fiat currency, that it is money because the government says it's so. So when new money is printed or loaned out to the...

Asked on 09/02/2021 by Kiran Yallabandi

3 answer

Relation between demands of $x, y$ and $z$

Question: Consider a consumer with utility function $U(x,y,z)=ymin{x,z}$. The prices of all three goods are the same. The consumer has $100 to spend on these three goods.The demands will...

Asked on 09/02/2021

3 answer

Can implicit costs make every option not worth doing?

I'm new to microeconomics so sorry if this is simplistic, but if an action should only be taken when benefits > costs and opportunity costs are included in cost calculations,...

Asked on 09/02/2021

1 answer

How does John Stuart Mill distinguish between "wealth" and "riches"?

JS Mill in his Principles (1848):But though air is not wealth, mankind are much richer by obtaining it gratis, since the time and labour which would otherwise...

Asked on 09/02/2021 by user23101

2 answer

Is Currency Devaluation a cause or effect of interest rates?

I understand that Federal bank/Goverment can manipulate the currency market and devalue its currency by printing more money or buying foreign currencies/assets (essentially increasing the supply of home country's currency)....

Asked on 09/02/2021 by Raj Mehta

1 answer

Does working abroad cause less unemployment? Or is it actually harmful (directly or opportunity cost)?

This question is from subjective origins but is (supposed to be) objective. The context of this question arises from people in third world countries going abroad to work. Often they...

Asked on 09/02/2021

2 answer

Proof of excess community demand function in Sonnenschein (1973)

Consider the following passage in Sonnenschein (1973; full citation below): Perhaps because I do not know much about the uniform...

Asked on 09/02/2021 by Ryan da Silva

0 answer

Indifference curve - Does $dU = 0$ hold in higher dimensions? / Problem of integrability

In two dimensions, we have on an indifference curve that $dU=0$. Does this apply to indifference objects in higher dimensions? I was thinking that if $dU > 0$,...

Asked on 09/02/2021

1 answer

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