(Answered) Suppose an individual in the united states wants to buy

Economics

Suppose an individual in the United States wants to buy office equipment from England that costs £2800. If the exchange rate is $1.92/£ (or 1£ = $1.92), how much will this equipment cost in US dollars? Now suppose that the US dollar ($) appreciates relative to the British pound (£) so that the new exchange rate is $.80/ £. How much will this same office equipment from England cost in US dollars? What is likely to happen to demand in the US for imported goods from England? What is likely to happen to demand in England for goods from the US (i.e. US exports)? Given that a nation's trade balance is computed as Exports minus Imports, will an appreciating US dollar improve or worsen its overall trade balance?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92801358
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

Programming assignment 1 a prime number is a positive

Programming Assignment 1: A prime number is a positive integer evenly divisible by exactly two positive integers: itself and 1. The first five prime numbers are 2, 3, 5, 7, and 11. Sometimes two consecutive odd numbers a ...

There are 13011 eligible voters in one town in a poll of

There are 13,011 eligible voters in one town. In a poll of 827 eligible voters from this? town, the proportion who say that they plan to vote in the next mayoral election is 0.47. Based on that sample? statistic, what is ...

First two questionsdemand qdnbsp 175-5psupplyqsnbsp 1923p -

First two questions, Demand: Q d = 175-.5*P Supply:Q S = 1.923*P - 163.462 There is a $50 unit tax on the supplier side. what is the new equilibrium price? I know the new price is 179, looking for the formula explainin ...

A population has a mean mu83 and a standard deviation

A population has a mean μ=83 and a standard deviation σ=26. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=247.

From a deontological ethical framework construct an

From a deontological ethical framework, construct an argument either in favour of a minimum wage or against it.

Determine the sample size needed to construct a 90

Determine the sample size needed to construct a 90?% confidence interval to estimate the average GPA for the student population at a college with a margin of error equal to 0.5. Assume the standard deviation of the GPA f ...

If average total costs are 1683 at 6 units of output what

If Average Total Costs are 16.83 at 6 units of output, what are Total Costs?

One study based on responses from 1 013 randomly selected

One study, based on responses from 1, 013 randomly selected teenagers, concluded that 43% of teenagers cite grades that their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than h ...

When asked to call heads or tails for a coin toss are

When asked to call heads or tails for a coin toss, are people equally likely to choose heads or tails? Conventional wisdom indicates that people tend to pick heads more often than tails. What are the observational units ...

In a large organization 55 of all employees are female 25

In a large organization, 55% of all employees are female, 25% of the employees have a business degree, and 40% of all males have a business degree. What is the probability that an employee has a business degree given tha ...

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

Recent Questions

Ask Business Economics Expert