5. Managers at some banks and mortgage com panies have argued that providing subprime mortgages was based on their desire to give poor people a chance to participate in the American dream of home ownership . What is your opin ion of this explanation in terms of ethics and social responsibility?

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u. s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.