Tourism is seen by many as the absolute advantage for several countries in the Caribbean. Simpson (2022) states that the Caribbean is the most tourism-dependent region in the world. How can your country increase the benefits from the 'tourism dollar'? Discuss briefly.
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- Suppose that you hold a piece of land in the City of London that you may want to sell in one year. As a U.S. resident, you are concerned with the dollar value of the land. Assume that, if the British economy booms in the future, the land will be worth £20 and one British pound will be worth $1.29. If the British economy slows down, on the other hand, the land will be worth less, i.e., £24 million, but the pound will be stronger, i.e., $1.4/£. You feel that the British economy will experience a boom with a 70% probability and a slow-down with the remaining probability. Estimate the exposure b to the exchange risk. (USD, no cents)Suppose that you hold a piece of land in the City of London that you may want to sell in one year. As a U.S. resident, you are concerned with the dollar value of the land. Assume that, if the British economy booms in the future, the land will be worth £20 and one British pound will be worth $1.27. If the British economy slows down, on the other hand, the land will be worth less, i.e., £23 million, but the pound will be stronger, i.e., $1.40/£. You feel that the British economy will experience a boom with a 70% probability and a slow-down with the remaining probability.Estimate the expected value of the spot rate (USD X.XXXX)Which of the following would have the greatest positive impact on a country's domestic economy? An increase in spending on imports from other countries. An increase in spending by foreigners on the country's exports. A decrease in the incomes of consumers in foreign countries. A decrease in the confidence of foreign investors in the country's economy.
- Will an increase in attractiveness of the US as a tourist destination DECREASE or INCREASE the value of US dollar?Explain why you agree or disagree with the following statements: A nation whose interest rate is rising more rapidly than interest rates in other nations can expect the international value of its currency to appreciate.Companies that reduce their margins on export products in the face of appreciation of their home currency may be motivated by a desire to
- If the euro appreciates against the US$, it becomes: cheaper for Americans to buy European products and cheaper for Europeans to buy American products. cheaper for Americans to buy European products but more expensive for Europeans to buy American products. more expensive for Americans to buy European products but cheaper for Europeans to buy American products. more expensive for Americans to buy European products and more expensive for Europeans to buy American products.If the euro appreciates against the US$, it becomes more expensive for Americans to buy European products but cheaper for Europeans to buy American products cheaper for Americans to buy European products and cheaper for Europeans to buy American products cheaper for Americans to buy European products but more expensive for Europeans to buy American products more expensive for Americans to buy European products and more expensive for Europeans to buy American productsQ3-5 With perfect capital mobility and other things equal, an exogenous increase in demand for a country's exports will lead to ______ increase in the country's national income under fixed exchange rates than under flexible exchange rates. Select one: a. a greater b. a smaller c. the same d. a greater, a smaller, or the same; it is impossible to determine without more information
- Whether or not one likes a strong U.S. dollar depends on their perspective. For those who are looking to travel abroad, a strong dollar means they can get more for their money. On the other hand, for those who are looking to export goods, a strong dollar can make their products more expensive for foreign buyers. A strong dollar can have a significant impact on U.S. firms. It can make their products more expensive for foreign buyers, which can lead to a decrease in demand and a decrease in profits. Additionally, a strong dollar can make it more difficult for U.S. firms to compete with foreign firms, as their products may be more expensive. Finally, a strong dollar can also make it more difficult for U.S. firms to borrow money from foreign lenders, as the cost of borrowing may be higher. reply to discussionIf the two countries were both to benefit from trade, what's the possible range of the exchange rate, expressed in units of wine per unit of bread? Explain briefly.View the data below for the exchange rate between the US dollar and the Japanese yen. How many yen could you get per dollar at the earliest date shown on the chart? Explain. How many yen could you get per dollar at the most recent date shown on the chart? Explain. Has the dollar appreciated or depreciated in value over time? Explain.