ollars per British pound Quantity Demanded Dollars per Pound Quantity Supplied 200 5 600 240 4 480 300 3 410 360 2 360 390 1 330 a. What is the equilibrium exchange rate?  b. What will be the market condition if the exchange rate is $3 per pound?  c. What will be the market condition if the exchange rate is $1 per pound?

Suppose that a firm is considering opening a plant on the moon, and the current exchange rate is 1,280 moon pieces (mp) per dollar. Also, the wage rate is 22,800 mp per hour. Suppose further that Question Viewer an produce 240 units per hour, while workers on the moon are expected to be able to produce 380 units per hour (the lower gravity level helps them work faster). a. The moon wage rate without considering productiviy is $ /hr (round your response to the nearest penny). b. The moon "relative" wage rate considering productivity is $/hr (round your response to the nearest penny). c. Suppose that the U.S. wage rate is $23.50 per hour. If the U.S. managers want to become the location of choice for production, and if they cannot lower their wage rate due to labor union agreements, what does the labor productivity in the U.S. need to become? The labor produtivity in the U.S. needs to be at least units/hr (round your response to one decimal place).

If American auto companies make a breakthrough inautomobile technology and are able to produce a carthat gets 200 miles to the gallon, what will happen tothe U.S. dollar exchange rate?

A nation’s merchandise trade balance reflects _____. A.the value of exports of servicestrade b. in tangibles and intangibles c.the same information as its balance of payments d.trade in tangible products e.the value of imports of services