Posts Tagged ‘foreign exchange’

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    Yuan Opinions

    Nov 18, 10 • 106 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Economic Debates, International Trade and FinanceNo Comments

    Can you imagine 43 million pairs of socks a year, 5,000 an hour, some saying Dora the Explorer, being produced by one Chinese manufacturer? When you pay $2.99 for a pair of those socks at Wal-Mart, they probably cost that Chinese manufacturer, Shuangjin...

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    Chinese Big Macs

    Oct 21, 10 • 114 Views • International Trade and FinanceNo Comments

    At 14.5 yuan or $2.18, a Beijing Big Mac is cheap. In the U.S. the price is closer to $3.71. As explained by The Economist, we just need to know about the Big Mac to know what the yuan should really buy. Dividing $3.71 (a US Mac) by 14.5 yuan (Chinese Macs)...

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    Nobel Cash

    Oct 15, 10 • 102 Views • Economic History, Economic Thinkers, Financial Markets, International Trade and FinanceNo Comments

    If you win a Nobel Prize, you get a cash prize of approximately $1.5 million. The size of that prize relates to how well the foundation that manages Alfred Nobel’s endowment has fared.  According to the Financial Times, during the 1990s the payout...

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    Son Preference

    Jul 30, 10 • 127 Views • Demand, Supply, and Markets, Developing Economies, Economic Thinkers, International Trade and FinanceNo Comments

    If there are 122 men for every 100 women, how do you find a wife? According to a Columbia University professor, in China, you save. Economists have been asking why Chinese households save so much–30% as compared to a current 6% rate in the U.S. One...

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    Burgernomics

    Jul 25, 10 • 133 Views • Businesses, Developing Economies, International Trade and FinanceNo Comments

    The Big Mac Index is out again. Not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us? Starting with an average U.S. price of $3.73 (based on 4 cities), we can determine whether...