Is upward social mobility more difficult, less difficult, or the same today as it was in the 1950s and 1960s? Support your response with an example. Your journal entry must be at least 200 words in length. No references or citations are necessary Sample Solution
Economist keep saying that the quality of institutions is important for economic growth, but when you look at countries all around you, it is unclear what economists mean by “quality institutions”. China, a very corrupt country, with autocratic political system is among the fastest growing countries in the world. Isn’t this country growing in spite of it’s lousy institutions? Are economist wrong? Why?
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Sample Solution
You are the CFO of a U.S. firm whose wholly owned subsidiary in Mexico manufactures component parts for your U.S. assembly operations.
The subsidiary has been financed by bank borrowings in the United States. One of your analysts told you that the Mexican Peso is expected to depreciate by 30% against the Dollar on the foreign exchange markets over the next year. What actions, if any, should you take?
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