a. After many countries imposed sanction on Russia especially financial restriction and currency transfer, what will happen to demand and supply of Russian rubles? Is it called Russia ruble depreciation or appreciation? Please use the concept of exchange rate market to explain this situation. Suppose supply and demand are Russian rubble and they are at equilibrium initially.

a. After many countries imposed sanction on Russia especially financial restriction and currency transfer, what will happen to demand and supply of Russian rubles? Is it called Russia ruble depreciation or appreciation? Please use the concept of exchange rate market to explain this situation. Suppose supply and demand are Russian rubble and they are at equilibrium initially.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 42CTQ: Some economists warn that the persistent trade deficits and a negative current account balance that...

See similar textbooks

Similar questions

At one point Canadas GDP was 1,800 billion and its exports were 542 billion. What was Canadas export ratio at this time?
12.When the Chips Are Down The Economist magazine uses the price of a Big Mac to determine whether a currency is undervalued or overvalue. In July 2010, the price of a Big Mac was $3.73 in New York, 13.2 yuan in Beijing, and 6.50 Swiss francs in Geneva. The exchanges rates were 6.78 yuan per U.S. dollar and 1.05 Swiss francs per U.S. dollar. a. Was the yuan undervalued or overvalued relative to purchasing power parity? b. Was the Swiss franc undervalued or overvalued relative to purchasing power parity c. Do you think the price of a Big Mac in different countries provides a valid test of purchasing power parity? 13.The price level in the Eurozone is 112.4, the prize level in the United States in 109.1 and the nominal exchange rate was 80 euro cents per U.S dollar. what was the real exchange rate expressed as Eurozone real GDP per unit of U.S. read GDP? 14.The Canadian price level is 106.3 the Japanese price level is 95.4 and the real exchange rate is 103.6…
6. GlobalizationSuppose an international hotel chain is planning to overtake an small but established Austrianhotel chain, investing by renovating the existing buildings and constructing a few new ones.Discuss which benefits and drawbacks could be expected for Austria by giving two examples foreach.
9 How free trade zones or special economic zones affect exports.
11. Name a country or region in the world that has benefited from globalization: _________________Name a country or region in the world that has been suffering more than benefiting fromglobalization: ________________________ 9, Name three factors that, have helped promoting globalization. 10, three main areas of globalization. Which are these areas? Select up to threefrom the options below.a. culture b. military c. technologyd. economy e. environment f. transportationg. tariffs h. infrastructure i. politics
7.A Investment spending A. responds more dramatically to changes in interest rates than to changes in business confidence, expectations, or technology. B. typically increases when the interest rate falls. C. does not respond to short-term interest rates. D. responds negatively to technical change and product innovation. 7.B Net exports in the United States A. will fall if prices in the United States rise relative to other nations' prices. B. will fall if China reduces trade barriers against the United States. C. will increase if prices in the United States rise relative to other nations' prices. D. will increase if the price level in China declines. 7.C In an Aggregate Demand (AD)/Aggregate Supply (AS) diagram, __________________________ could explain a rise in cyclical unemployment? A. a shift in AS to the left B. a shift in AS to the right C. a shift to the left in either AS or AD…
1. Select two Caribbean islands or developing countries for review: a) discuss two benefits of each of globalization in these economies b) discuss two drawbacks each of globalization in these economies 2. Select two developed/advanced countries for review: a) discuss two benefits each of globalization in these economies b) discuss two drawbacks each of globalization in these economies.
2. Accounting for trade in goods and servicesSuppose the following transactions occur during the current year:1. Dmitri orders 50 bottles of wine from a French distributor at a price of $30 per bottle.2. A U.S. company sells 200 textbooks to a Canadian company at $45.00 per textbook.3. Jake, a U.S. citizen, pays $1,500 for a laptop he orders from Microell (a U.S. company). Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year.Hint: Be sure to enter a “0” if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative. Amount(Dollars)Consumption Investment Government Purchases Imports Exports Net Exports Gross Domestic Product (GDP)
State whether each of the following events Involves a financial flow to the U.S. economy or away from the U.S. economy: Export sales to Germany Returns paid on past U.S. financial investments In Brazil Foreign aid from the U.S. government to Egypt Imported oil from the Russian Federation Japanese investors buying U.S. real estate
In what way does comparing a countrys exports to GDP reflect its degree of globalization?
If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?
What are the major issues with regard to trade imbalances for the U.S. economy?