Suppose that you want to analyze how cigarettes smoking aects annual income (possibly through lost work days due to illness, or productivity eects)….
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Suppose that many similar price-taking consumers have a single good (candy bars). Jane has a monopoly in wood, so she can set prices. Assume that no…
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Assume the government of Kalu nationalized all energy industries in the nation.

  1. With confidence in the economy eroded, investors decide to move their funds out of Kalu. Using a correctly labeled foreign exchange graph, show and explain the impact of the investors’ decision on the international value of the Kalu dollar.
  2. Explain the impact of the change in the value of the Kalu dollar on Kalu’s net exports.
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