Assignment 5 Practice Problems Example | Topics and Well Written Essays - 250 words

5 Practice Problems - Assignment Example Depending on the government it can be adverse or favourable. If the US dollar is strong against another currency, it leads to increased demand of imports as prices go down. This inturn weakens export as foreign goods appear to be expensive outside the country. Importers prefer strong local currency while exporters prefer weak local currency (Econedlink par 11) For an export business based in the US the ideal situation would be if the dollar weakens, this makes it attractive for foreigners to buy goods from US, but if it appreciates it, makes foreign goods seem expensive. To balance this fluctuation the company needs to cut the dollar price to match the prices in pounds (Econedlink par 11). 4. Suppose that you are a U.S. producer of a commodity good competing with foreign producers. Your inputs of production are priced in dollars and you sell your output in dollars. If the U.S. currency depreciates against the currencies of our trading partners, b. your competitive position is likely worsened. When the dollar appreciates, this makes foreign goods seem cheaper and this improves their position in the market, but when the dollar depreciates the price of foreign goods seem expensive and this may probably worsen the position of foreign business (Econedlink par 11). 5. Suppose your firm invests $100,000 in a project in Italy. At the time the exchange rate is $1.25 = â‚ ¬1.00. One year later the exchange rate is the same, but the Italian government has expropriated your firms assets paying only â‚ ¬80,000 in compensation. This is an example of It does not matter the exchange rate, what counts is the fact that the government has taken over a private own business. The government does this without the owner’s consent but there must be compensation (Meridian Finance par 1). Upenn.edu Chapter 1 Globalization And The Multinational Firm Suggested Answers To End- Of-Chapter Questions. 2014,

Critical analysis on the novel Of Mice and Men Essay

Critical analysis on the novel Of Mice and Men - Essay Example In the 18th and 19th centuries, the frontier of the United States of America was expanded westwards as European immigrants swarmed to the ports of the eastern seaboard. Many of these immigrants were members of persecuted minorities, such as Russian Jews escaping the 19th-century pogroms, or Irish Catholics fleeing the poverty and discrimination of British imperial rule. They were attracted by dreams of a better life, and regardless of whether or not they achieved this life in reality, Steinbeck’s characters still dream of a better life, even in the depths of the 1930s Great Depression. George and Lennie, as Stephen emphasises, dream of owning a small farm which they can work themselves – surely a dream shared by thousands of rootless young men during that era of mass unemployment and economic uncertainty. (Stephen 37). Their dream is introduced towards the beginning of the novel. It is recited by George to comfort Lennie, although it is clear that the recitation offers comfort to them both. George states that ‘we’re gonna have a little house and a couple of acres an’ a cow and some pigs...’, and Lennie that they’ll ‘live off the fatta the lan’’ (Steinbeck 16). Their dream of independence strengthens them both, and even attracts Candy and Crooks for a time. For Attell, this dream ‘responds directly to the limitations placed on their lives’. As nomadic labourers, they lack independence and security. They are dependent on odd jobs on the ranches they come across, which are highly seasonal and temporary. Living from hand to mouth in this way, and in rough accommodation shared with other workers, their dream involves a permanent residence, where they must work for no one but themselves to earn their keep. The itinerant and uncertain nature of George and Lennie’s lifestyle is thus emphasised from the beginning, and Attell justifiably sees their portrayal as Steinbeck’s critique of