1.Suppose the exchange rate between the British pound and the U.S. dollar is 1 = $1.50.

a.) Draw a graph showing the demand and supply of pounds for dollars. (y-axis: price of pounds, dollars per pound, x-axis: quantity of pounds)

b.) If the Bank of England implements a contractionary monetary policy, explain what will happen to the exchange rate between the pound and the dollar and show this on a graph. Has the dollar appreciated or depreciated relative to the pound? Explain.

c.) If the U.S. government implements an expansionary fiscal policy, explain what will happen to the exchange rate between the pound and the dollar and show this on a graph. Has the dollar appreciated or depreciated relative to the pound? Explain.

2.Suppose the demand for a unit of CO₂is P = 120 - 0.1Q_Dand the supply is

P = 15 + 0.04Q_S, where P is the price per unit, Q_Dis the quantity demanded in units per day, and Q_Sis the quantity supplied in units per day.

3.The mortgage payment per $1,000 of principal, used in calculations, is called the?

4.How are housing costs affected by large down payment. Explain

5.If a salesperson has gross sales of over $600,000 in a year, then he or she is eligible to play the company's bonus game: A black box contains 3 one-dollar bills, 1 five-dollar bill and 1 twenty-dollar bill. Bills are drawn out of the box one at a time without replacement until a twenty-dollar bill is drawn. Then the game stops. The salesperson's bonus is 1,000 times the value of the bills drawn. Complete parts (A) through (C) below.

A) What is the probability of winning a $27,000 bonus?

B) What is the probability of winning the maximum bonus by drawing out all the bills from the box?

Calculate the market equilibrium price and quantity.

6.Find the first and second derivatives of M with respect to X

M =9X4-12 X 9 + 25 X Y Z+ 50

7.What causes an increases aggregate demand in times of economic recession

8.Other things being equal, and assuming an upward sloping labor supply curve, an

increase in the demand for labor in manufacturing will

9.Describe the importance of taxation

10.Two Canadians workers, Sam and Joe, can each produce tv or coffee. Sam can produce either 50 kg of coffee or 1 tv per month. and Joe can produce either 120 kg of coffee or 1 tv per month.

f) assuming that world prices are such that tv trades for 135 kg of coffee on international markets.

g) what is the most of each good that Canadians can consume when the economy is open?

TV = ?Coffee= ?