The following graph shows exports from the United States to Japan. (Note: U.S. exports are measured in yen on this graph, which will enable you to see U.S. exports on the same graph as Japanese exports in a later problem.)
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- 17. Exchange rates and U.S. exports: A graphical relationship The following graph shows exports from the United States to Japan. (Note: U.S. exports are measured in yen on this graph, which will enable you to see U.S. exports on the same graph as Japanese exports in a later problem.) EXCHANGE RATE (Dollars per yen) Exports from the U.S. EXPORTS (Yen) Exports from the U.S. ? Referring to the graph, why does the line showing exports from the United States slope upward? The lower the price of the yen in term of dollars, the higher the exports from the United States to Japan. The higher the price of the yen in term of dollars, the higher the exports from Japan to the United States. The higher the price of the yen in term of dollars, the lower the exports from the United States to Japan. The lower the price of the yen in term of dollars, the lower the exports from the United States to Japan. Suppose that the exchange rate goes from $10 per 1,000 yen to $8 per 1,000 yen. On the previous…3. Exchange rates and U.S. exports: A graphical relationship The following graph shows exports from the United States to Japan. (Note: U.S. exports are measured in yen on this graph, which will enable you to see U.S. exports on the same graph as Japanese exports in a later problem.) [Please see the image] Referring to the graph, why does the line showing exports from the United States slope upward? 1. The lower the price of the yen in term of dollars, the lower the exports from the United States to Japan. 2. The higher the price of the yen in term of dollars, the higher the exports from Japan to the United States. 3. The higher the price of the yen in term of dollars, the lower the exports from the United States to Japan. 4. The lower the price of the yen in term of dollars, the higher the exports from the United States to Japan. Suppose that the exchange rate goes from $10 per 1,000 yen to $8 per 1,000 yen. On the previous graph, adjust the…(Table: U.S. International Trade in Goods and Services, 2021, in millions of dollars. Details may not equal totals, due to seasonal adjustment and rounding.) The table contains data on U.S. trade in 2021.In 2021, the United States imported million worth of goods. Exports Goods Services Total Total 2021 -861,383 -1,091,384 230,001 2,532,955 1,761,709 771,247 a. Period $2,532,955 b. $758,888 C. -$861,383 Balance Goods d. $2,853,093 Imports Goods Services 3,394,339 2,853,093 541,245 Services Total
- 2. The following data are available on the prices of imports and exports of a particular country Exports (S) Imports (S) 2019 60 100 2020 40 120 2021 80 140 Calculate an index for the terms of trade such that the index assumes the value of 100 in 2019. Also calculate the percentage changes in the index in 2020 and 2021.Question 10 1 pts The table below shows the exchange rates between the US dollar and currencies from four other countries. How much of their local currency (Yen) would someone from Japan need to buy an Ipad that is being sold for $400 in the US? Units of Foreign Currency you can buy with one US dollar Number of US dollars you can buy with one unit of Foreign currency Indian Rupee 71.94 A Euro 0.91 Turkish Lira Japanese Yen 0.17 D 0.0092 O 3.68 Yen 400 Yen 43478.26 Yen O 368 YenPRICE (Yen per dollar) 9. Study Questions and Problems #9 The following graph depicts the supply and demand curves for U.S. dollars in the foreign exchange market. Suppose that real interest rates in the United States rise. On the graph, shift either the supply of dollars curve, the demand for dollars curve, or both curves to best reflect the given scenario. D QUANTITY OF DOLLARS (Millions per day) S D If real interest rates in the United States rise, the U.S. dollar S ?
- PRICE (Rubles per won) 6. Changes in the foreign-exchange market The following questions focus on the exchange rate between the Russian ruble and the South Korean won. Assume the exchange rate is flexible. The exchange rate is defined as the number of rubles you must pay for one won. Suppose a recession in Russia causes Russian incomes to decrease, while incomes in South Korea remain the same. Shift the appropriate curve or curves on the following graph to illustrate how this affects the market for South Korean won if all other things remain equal. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. QUANTITY OF WON Supply of Won Demand for Won Demand for Won Supply of Won ? The decrease in Russian incomes causes the South Korean won to relative to the South Korean won. relative to the Russian ruble and causes the Russian ruble to…8. At the end of June 21, the exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD) was 1.2 CAD for 1 USD. Today is about 1.37. What is the likely impact on trade between the US and Canada? (a) Zero, since we do not like Canadian products (b) We should have observed a decline in US NX with Canada (c) We should have observed an increase in US NX with Canada (d) We should have observed NX = 0 with CanadaPRICE (Peso per dollar) 9. Study Questions and Problems #9 The following graph depicts the supply and demand curves for U.S. dollars in the foreign exchange market. Suppose that inflation rates increase in the United States. On the graph, shift either the supply of dollars curve, the demand for dollars curve, or both curves to best reflect the given scenario. ? QUANTITY OF DOLLARS (Millions per day) D If inflation rates increase in the United States, the U.S. dollar ŏ S D S
- Question 10 Consider the following table which shows a hypothetical case of India and the US. Both countries produce only wheat and haircuts. Indian prices are in Rupees (Rs). US prices are in dollars ($). Exchange rate between the US $ and Indian Rs is: $1 - Rs 50. What is the official/market based value of per capita GDP of India in dollars? Per Capita Output of Wheat Haircuts Units Indian Units US Price Produced Price per produced per unit In India unit (Rs) in the US ($) 100 400 100 100 400 10 100 10 O $1400 Ⓒ $280 O $14000 O None of the above or not enough information. Question 11 Consider the question above. What is the PPP adjusted per capita GDP of India in US dollars? O $1400 O $280 O $14000 O None of the above or not enough information.Suppose Qd=-25*P+709, Qs=39*P+12 for home and Qd*=-25*P+182, Qs*=39*P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places? Answer: (269.20) could you explain the answer by excel pleaseSuppose Qd=-25*P+709, Qs=39*P+12 for home and Qd*=-25*P+182, Qs*=39*P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places? Answer: (269.20) could you explain the answer by excel please