Use the following information to answer the next two questions. Suppose the spot quote for pesos in terms of Canadian dollars is C$. 1215-25 and the spot quote for US dollars in terms of Canadian dollars is C$.9855-64. What is the bid quote for pesos in terms of US dollars? Round intermediate calculations to four decimal places. a) $.1243 b) $.1232 c) $.1242 d) $.1233 e) None of the above

Which of the following statements accurately describes how costs and benefits are calculated?

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate