Supposing that the Tanzanian Shilling/U.S. Dollar exchange rate changes from 2,328 TZS/S to 3,282 TZS/S, calculate as a trader in Tanzania the Tanzanian Shilling (TZS)'s appreciation (depreciation) expressed in the U.S. dollar Homework 12 (related with the 3rd Week, 3rd Reading Material or 5th Week, 13th Reading Material): In a conversation about Big Mac, your friend states that s(he) has eaten the same Big Mac 5.71 S in the USA but 6.88 S in Switzerland and this arises totally from the tourists' high demand for Swiss meat under the heavy influence of the Alpine fresh air during the pandemic. Do you agree with this statement? Homework 13 (related with the 5th Week, 15th Reading Material): Explain "shrinkflation against economics textbook principles. Why is "shrinkflation" making the job of statistics agencies and central banks much harder? Homework 14 (related with the 5th Week, 16th Reading Material): Your friend asks you why (1) Venezuela needs ordering printing banknotes at foreign businesses and why (2) banknotes are traded at more than their face value in Venezuela Answer your friend who maintains that 1) countries in Caucasus and Central Asia are no longer dependent on the Russian economy anymore after the collapse of the Soviet Union (Tables 1 and 2). (2) high cost of money transfer requires visits of migrant workers to their countries for helping financially their relatives. (3) Russia puts barriers to citizens former Soviet Union Republics, (4) remittances show high-quality workers coming from the countries in Caucasus and Central Asia, also showing the high living standards of these home countries. (5) and the coronavirus outbreak did not affect largely these high-quality workers due their working from their homes in their new countries. Cost of 200 $ Transfer (in %) Remittances as a Share of GDP in 2019 Remittances from Russia as a Percentage of Total Remittances (2017) 2020 2012 1.9 2 Kyrgyzstan Tajikistan Georgia Armenia Uzbekistan Azerbaijan Kazakhstan 1.8 1.2 2008 2.1 33 2.7 2.4 29% 28% 1426 11% 796 296 0.3% 77% 76. 59% 64% 100 58 649 2016 1.7 1.S 1.4 18 1.8 1.4 1.5 19 1.7 22 2:4 2.8 3.2 3.0 1.8 1.0 1.6 Supposing that the Tanzanian Shilling/U.S. Dollar exchange rate changes from 2,328 TZS/S to 3,282 TZS/S, calculate as a trader in Tanzania the Tanzanian Shilling (TZS)'s appreciation (depreciation) expressed in the U.S. dollar Homework 12 (related with the 3rd Week, 3rd Reading Material or 5th Week, 13th Reading Material): In a conversation about Big Mac, your friend states that s(he) has eaten the same Big Mac 5.71 S in the USA but 6.88 S in Switzerland and this arises totally from the tourists' high demand for Swiss meat under the heavy influence of the Alpine fresh air during the pandemic. Do you agree with this statement? Homework 13 (related with the 5th Week, 15th Reading Material): Explain "shrinkflation against economics textbook principles. Why is "shrinkflation" making the job of statistics agencies and central banks much harder? Homework 14 (related with the 5th Week, 16th Reading Material): Your friend asks you why (1) Venezuela needs ordering printing banknotes at foreign businesses and why (2) banknotes are traded at more than their face value in Venezuela Answer your friend who maintains that 1) countries in Caucasus and Central Asia are no longer dependent on the Russian economy anymore after the collapse of the Soviet Union (Tables 1 and 2). (2) high cost of money transfer requires visits of migrant workers to their countries for helping financially their relatives. (3) Russia puts barriers to citizens former Soviet Union Republics, (4) remittances show high-quality workers coming from the countries in Caucasus and Central Asia, also showing the high living standards of these home countries. (5) and the coronavirus outbreak did not affect largely these high-quality workers due their working from their homes in their new countries. Cost of 200 $ Transfer (in %) Remittances as a Share of GDP in 2019 Remittances from Russia as a Percentage of Total Remittances (2017) 2020 2012 1.9 2 Kyrgyzstan Tajikistan Georgia Armenia Uzbekistan Azerbaijan Kazakhstan 1.8 1.2 2008 2.1 33 2.7 2.4 29% 28% 1426 11% 796 296 0.3% 77% 76. 59% 64% 100 58 649 2016 1.7 1.S 1.4 18 1.8 1.4 1.5 19 1.7 22 2:4 2.8 3.2 3.0 1.8 1.0 1.6