9-2) Beer and marijuana are substitute goods, i.e. when the demand for one goes up, it is expected that the demand for the other is likely to go down, as most people would consume either of the two products. When marijuana gets legalized, the distributors would fear that their sales would decline. So beer distributors are likely to oppose the legislation regarding legalizing marijuana.
On the other hand, snack food and marijuana are generally considered to be complementary products, i.e. the demand for one of them increases the demand for the other. This way, when marijuana gets legalized, snack food vendors can expect an increase in their sales too. So they are more likely to support the legislation.
11-1) During the financial crisis of 2008-09, money became scarce and investors were liquidating their position in most currencies to either meet their obligations elsewhere or to invest them in safer currencies.
During these times, regardless of the trade differences between US and Mexico, investors sold Mexican stocks and bonds and put their money in US securities. They felt that their money would be safer in US securities (Mexperience, 2010).
On the other hand, as the demand for US Dollar increased, the demand curve shifted to the right and this resulted in the value of the currency appreciating. During the peak of the financial crisis, this pattern repeated itself and it meant that Peso’s value in terms of USD had declined more than 30% in just three to four months (Mexperience, 2010).
References
Mexperience. (2010). The Value of Mexico’s Peso. Mexperience. Retrieved from http://www.mexperience.com/the-value-of-mexicos-peso/.
