Item Required information Required information Skip to question Current Time 4:27 / Duration 4:27 1x Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. Suppose the nominal exchange rate is .5 Flops per Gulp. A Guilderian trader buys a 40 Flop barrel of Florish pickles by exchanging 80 Gulps, and a Florish trader buys a 20 Gulp crate of Guilderian apples by exchanging 10 Flops. Then the Gulp appreciates to 2 Flops per Gulp. a. What price must the Guilderian pay for the same 40 Flop barrel of pickles

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.