The price of a good is $5.70 in the USA and £4.18 in Britain and the exchange rate is £0.77. If you purchase a good from the US, then how many goods from the UK do you forgo purchasing? (Round to the nearest hundredth.)
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- QUESTION 1 The price of a good is $5.56 in the USA and £4.42 in Britain and the exchange rate is £0.98. If you purchase a good from the UK, then how many goods from the US do you forgo purchasing? (Round to the nearest hundredth.) QUESTION 2 The price of oil is $5.83 in the USA and £4.73 in Britain and the exchange rate is £0.85. You have an oil budget of $39 and want to buy as much oil as possible. What is the maximum amount of oil you can afford? (Round to the nearest hundredth.)If the two countries were both to benefit from trade, what's the possible range of the exchange rate, expressed in units of wine per unit of bread? Explain briefly.Tradavia exports its world-famous giant sausages to Gourmland. If the price of a sausage is 8 Tradavian dollars in the home currency and there are 6 Gourmlandian pounds to 1 dollar, what is the price of a sausage in Gourmland?
- What is an export parity price? Give an export parity price for a specified commodity. (starting with the f.o.b price)If in a country the tariff rates rises and at the same time the personal income tax rates in the country falls, what happens to the exchange rates? sketch a graph and explain pleaseIn our pretend world there are two countries - Chile and Switzerland - that are engaged in trade. The firm Switzerland Chocolates Express sells Boxes of chocolate (a good) in Chile. Each Box of Chocolates sells for 6500 Chilean pesos in Chile. In Switzerland, each box of chocolates 11 Swiss Franc to produce. Assume that the firm has 1 million boxes of chocolate to sell. How much money (in Swiss Franc) would the firm make (or lose) on the sale at the following exchange rates: Rate 1: 550 Pesos per Swiss Franc Rate 2: 0.0015 Swiss Franc Per Chilean Peso
- Suppose the government of Country A imposes a tariff on the goods and services imported from Country B. Draw two graphs to illustrate the changes in the values of Country A’s currency and Country B’s currency.Consider the following: Country Jeans Corn (Pairs per hour of labor) (Bushels per hour of labor) Brazil 12 24 Chile 8. 32 If these two countries were to trade, a possible exchange rate would be 2 bushels of corn to 1/3 pair of jeans 2 bushels of corn to 6 pairs of jeans 6 bushels of corn to 2 pairs of jeans 1/3 bushels of corn to 2 pair of JeansIf in a country the tariff rates rises and at the same time the personal income tax rates in the country falls, what happens to the exchange rates? sketch a graph and explain please
- How much is the difference between the cross-exchange rates for Rupees (India) and Euro (europe) Show any calculations. Explain the reason for that difference.How does a fall in the exchange rate cause an increase in the cost of raw imported materials?Other things the same, if the exchange rate changes from .8 euros per dollar to .9 euros per dollar, what happen to U.S. dollar and U.S. goods?
