Roughly 4 billion people living in developing countries and emerging economies do not have access to financial services such as credit, savings and insurance. Formal financial intermediaries, such as commercial banks, usually refuse to serve poor households and micro-enterprises because of the high cost of small transactions, lack of traditional collateral, lack of basic requirements for financing and geographic isolation. By doing so, these institutions ignore the enormous potential in talents and
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HW 4 Solutions 2. a. Percentage change of exchange rate from 2009-2010: Canada=(0.9643-0.9225)/0.9225=4.53% Mexico=(0.0788-0.0756)/0.0756=4.23% China=(0.1473-0.1454)/0.1454=1.31% Japan=(0.0112-0.0105)/0.0105=6.67% b. Percentage change in the nominal effective exchange rate for the United States between 2009 and 2010: =(4.53%*36%)+(4.23%*28%)+(1.31%*20%)+(6.67%*16%)=(+)4.14% United States' effective exchange rate has depreciated by 4.14%. c. The value of U.S. dollar has depreciated
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Population: 247mm (US is 314mm). Growth Rate: 1.9% Distribution by age, sex, geographic areas: 58% of population lives in Java, the largest island in the archipelago. There are 300 distinct ethnic groups in Indonesia, yielding an eclectic mix of over 500 languages. Javanese is the largest ethnic group, representing 42% of all ethnic groups on the islands. Hundreds of other groups make up the remaining 60% of the cultural demographic. Eastern Indonesia is inhabited by Melanesians, but regional
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Federal Reserve Paper Jess Marie Sotto ECO/212 December 11, 2011 Kalamogo Coulibaly Federal Reserve Paper The Federal Reserve is an important component of the nation’s financial system. The fed also known as the central bank make crucial decisions to ensure that the country’s macroeconomic policy objectives are met. The fed handles financial topics such as government spending, taxes, interest rates and money. The following is a discussion of the purpose and function of money
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Eco 202 12/09/2009 Demand for GM The recession has many companies struggling to stay afloat as the demand for many products has drastically declined. While very few companies have gone unaffected by the recession car manufactures have been hit harder then most. With plants all over the country shutting down just so the company can get by, but even with all the layoffs and closed plants it was just not enough for some. GM was one such company being driven to declare bankruptcy GM
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1. (TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets. (a.) (15 points) You know from data collected on the Widget Market that market demand has recently increased and market supply has recently decreased. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility? Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You
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KRYSTLE HANSEN BARRY KOTLOVE ESSAY ASSIGNMENT ESSAY #1 DOMESTIC MARKET Health care reform is a political and economic topic that has been debated for years. Most recently in the United States under the president Barack Obama's current term he passed a law that most of us Americans refer to as Obama Care but is also known as the Affordable Care Act. This law requires every American to have some sort of health care coverage. However, is affordable health care really that affordable? There
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STANLEY ASUMANU 33371253 WHAT GUIDANCE CAN ECONOMIC MODELS OF CRIME AND AVAILABLE STATISTICAL EVIDENCE OFFER TO POLICYMAKERS TRYING TO REDUCE CRIME? The study of the causes and effects of crime was predominant in sociology and psychology. Economic analysis of crime did not take effect until the late 1960s when Gary Becker gave thought into the rationality of crime: “Crime and Punishment: An Economic Approach”. Becker’s work was then followed by George Stigler’s “The Optimum Enforcement of Laws”
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Poverty and Public Policy ECON203 Introduction Increases in poverty have occurred since 2000. Rising poverty rates have caused significantly high caseloads to many public assistance programs in the US; causing a growing concern regarding public safety net cost. Poverty is a situation where a family cannot satisfy its needs for food, shelter, clothing and transportation based on their income alone. The government determines the poverty-level income for each family size. The Official
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SAMPLE FINAL EXAM FOR ECON200 FALL 2015 1. In the short run, product differentiation enables firms in monopolistically competitive markets to: A. standardize goods. B. produce a good for which there are no exact substitutes. C. act like perfectly competitive firms. D. collude. 2. Rick finds a great Internet deal on an all-inclusive vacation rental in the Tropics for $1200, and immediately places a $1000 nonrefundable deposit on it. He later learns that the dates he planned to go are right
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