Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Economics


Home >> Business Economics

Suppose a bottle of French wine costs 70 francs. If the exchange rate moves from 6 francs /dollar to 7 francs / dollar, how much does the price of the wine change measured in dollars?

1) The price rises from $10 to $11.66.

2) The price falls from $11.66 to $10.

3) The price remains unchanged, because the price in French francs is constant.

4) The change in price depends on how strong the dollar is.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91696189

Have any Question?


Related Questions in Business Economics

Could you please help me to solve the following economics

Could you please help me to solve the following economics question? "Universal Studios has decided to open a new theme park called Universal Studios Indiana. It will feature the usual attractions other Universal Studios ...

One of the authors received a credit card bill for 3167 and

One of the authors received a credit card bill for 3167 and it included a charge of 1622 that was not valid. Find the values of the absolute amd relative errors.

What changes would you propose if you were on the central

What changes would you propose if you were on the central planning committee that made decisions for your city?

Based on your understanding of elasticity will the

Based on your understanding of elasticity, will the elasticity of demand for Honda sedans increase, decrease, or remain the same when each of the following events occurs? Explain your answer. a. Other car manufacturers, ...

Williamnbspis interested in knowingnbspwhether or not

William is interested in knowing  whether or not athletics from his team have lower satisfaction with their team on a survey than the known population average survey score of 19  and the known population survey standard ...

What causes the ppf to shift outward i think that resources

What causes the PPF to shift outward? I think that resources have to be used but i'm not sure.

You just signed a 30-year lease agreement for a business

You just signed a 30-year lease agreement for a business property. The monthly rent for the first year is $1,000/month, with the ?rst month's rent due today. Starting from the second year onward, the monthly rent will be ...

From a game theory perspective how would you characterize

From a game theory perspective, how would you characterize the bargaining between a customer and a used car dealer?

Your environmental science professor designs an experiment

Your environmental science professor designs an experiment to see whether students in her class care about recycling. She places a recycling bin and a trash bin at the front of the class and then hands out a piece of pap ...

What changes would you propose if you were on the central

What changes would you propose if you were on the central planning committee that made decisions for your city?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved