1.In 2015, the three world's largest exporters in descending order were A) China, Japan, USA B) China, USA, Germany C) USA, China, Germany D) USA, China, Japan
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1.In 2015, the three world's largest exporters in descending order were
A) China, Japan, USA B) China, USA, Germany
C) USA, China, Germany D) USA, China, Japan
2.Which of the following would be a credit item in the UK balance of payments?
A) A UK company sells computer software to a company in Spain.
B) A UK firm hires a non-UK citizen.
C) A UK citizen travels to the USA for a two-week holiday.
D) The UK government lends money to a developing country
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- Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets:a. A U.S. airline firm purchases several Airbus planes assembled in France.b. A German automobile firm decides to build an assembly plant in South Carolina.c. A U.S. college student decides to spend a year studying at the Sorbonne in Paris.d. An Italian manufacturer ships machinery from one Italian port to another on a Liberian freighter.e. The U.S. economy grows faster than the French economy.f. A U.S. government bond held by a Spanish citizen matures, and the loan amount is paid back to that person.g. It is widely believed that the euro will depreciate in the near future.The price of a laptop in Canada is C$1,000. The price of a car in Germany is 10 000 euros. The current exchange rate is 0.9 euros per Canadian dollar. If a laptop is exported from Canada to Germany with no barriers to trade, what will be the price of the laptop in Germany? If a car is imported to Canada from Germany with barriers to trade, what will be the price of the car in Canada? Suppose the Canadian dollar appreciates by 10 percent against the euro. What will be the price of a computer exported from Canada change in Germany? Suppose the Canadian dollar appreciates by 10 percent against the euro. What will be the price of a car imported to Canada from Germany change in Canada?dollars? Show your calculations. 5) What are the main determinants of imports into the country? What are the main determinants of exports out? 6) What are the main factors affecting the US Dollar- EU Euro exchange rate/f 7) What are the causes of the persistent US trade deficit? 8) Should the US go back to the classical gold standard? Explain why returning to the gold standard is not a good idea.
- United Arab Emirates 14.75 3.6731 Argentina 171 60.0656 Australia 6.45 1.449065353 Azerbaijan 3.95 1.6965 Bahrain 1.4 0.377 Brazil 19.9 4.1419 The table contains the price of a BigMac in a variety o fcountries. The table also contains exchange rates relative to the US dollar. Assume the United Kingdom is the home country. a. Assuming that purchasing power parity, (i.e. law of one price) holds, calculate the ex-change rate implied/predicted by PPP for each country. b. Which currency is the most undervalued and most overvalued relative to the BritishPound?1 Suppose that two countries, Indonesia and Vietnam, produce coffee. The currency unit used in Indonesia is the Rupiah (IDR). The currency unit used in Vietnam is the Dong (VND). In Vietnam, coffee sells for 4,500 dong (VND) per pound. The exchange rate is 1.57 VND per 1 IDR, EVND/IDR = 1.57. 2 If the law of one price holds, what is the price of coffee in Indonesia, measured in Rupiah (assume we are talking about the same type of coffee)? Please round your answer to the nearest whole number. Assume the price of coffee in Indonesia is actually 3000 IDR per pound. Compute the relative price of coffee in Indonesia versus Vietnam (round your answer to 2 decimal places). Where will coffee traders buy coffee? Where will they sell coffee in this case? How will these transactions affect the price of coffee in Vietnam? In Indonesia?Suppose that the U.S. dollar appreciates against the Japanese Yen. What will occur as a result? purchasing power parity will begin to hold U.S. exports to Japan will become cheaper and increase, imports from Japan to the U.S. will become more expensive and decline U.S. currency becomes over-valued relative to Japanese currency U.S. exports to Japan will become more expensive and decline, imports from Japan to the U.S. will become cheaper and increase
- International Transaction Amount, Billions of $ Services imports -150 Merchandise exports 100 Unilateral transfers (net) -20 Merchandise imports -210 Services exports 200 Income receipts/payments (net) 65 The table above gives hypothetical figures for the U.S. balance of payments. The country’s current-account balance shows a Group of answer choices deficit of $20 billion surplus of $15 billion deficit of $15 billion surplus of $10 billionWhat is an export parity price? Give an export parity price for a specified commodity. (starting with the f.o.b price)Consider the appreciation of a currency. What effects might this have on international companies exporting overseas? What actions could companies take to minimize these effects
- Travis takes two trips to Ecuador. On his first trip, he finds that one US dollar is worth 25000 Ecuadorian Sucre. On his return trip, he finds that the dollar is now worth 24000 Ecuadorian Sucre. What is a likely result of this change in exchange rates? American exports to Ecuador decrease Ecuadorians will invest less in US American imports from Ecuador will increase American exports to Ecuador increaseShow how each of the following would affect the U.S. balance of payments. Include a description of the debit and credit items, and in each case identify which specific account is affected (e.g. imports of goods and services, IM; exports of assets, EXA; and so on) a. A California computer manufacturer purchases a $50 hard disk from a Malaysian company, paying the funds from a bank account in Malaysia. b. A U.S. tourist to Japan sells his iPod to a local resident for yen worth $100. c. The U.S. central bank purchases $500 million worth of U.S. Treasury bonds from a British financial firm and sells pound sterling foreign reserves. d. A U.S. owner of Sony shares receives $10,000 in dividend payments, which are paid into a Tokyo bank. e. The central bank of China purchases $1 million of export earnings from a firm that has sold $1 million of toys to the U.S., and the centra bank holds these dollars as reserves. f. The U.S. government forgives a $50 million debt owed by a developing…Explain why you agree or disagree with the following statements:a. A country that grows faster than its major trading partners can expect the international value of its currency to depreciate.b. A nation whose interest rate is rising more rapidly than interest rates in other nations can expect the international value of its currency to appreciate.c. A country’s currency will appreciate if its inflation rate is less than that of the rest of the world.