Use the following information to answer the next two questions. Suppose the spot quote for pesos in terms of Canadian dollars is C$. 1215-25 and the spot quote for US dollars in terms of Canadian dollars is C$.9855-64. What is the bid quote for pesos in terms of US dollars? Round intermediate calculations to four decimal places. a) $.1243 b) $.1232 c) $.1242 d) $.1233 e) None of the above

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery