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- Explain the effect of a weak Kenya Shilling to the demand for our country’s exports and importsA high value of a currency would result in which of the following?Select one:a. Greater competitiveness of exportsb. More exportsc. Increased demand of the higher value currencyd. Increased demand of exports of higher currency value products e. More ImportsIfAssume that China places a strict quota on goods imported from the U.S. and that the U.S. does not retaliate. Holding other factors constant, this event should immediately cause the Chinese demand for U.S. dollars to ____ and the value of the dollar to ____. A. increase; increase B. decrease; decrease C. increase; decrease D. decrease; increase
- Assume that there's an increse in US consumers' preference for Japanese automobile. Which of the following chanfes will most likedly take place in the market for dollars a) It will take more yen to purchase the same amount of dollars b) the demand for dollars will increase c) the supply for dollars will increase d) the supply and demand of dollars will decrease e) there will be no change in the foreign exchange marketDemand for $NZ will rise if Select one: a.New Zealand imports increase. b.New Zealand exports increase. c.New Zealand interest rates fall. d.Australian interest rates rise.What is it called when country import prices gain relative to that of its export prices?
- Malaysian exports create a. Supply of foreign currencies to Malaysia and a demand for RM in foreign countries. b. Demand of foreign currencies to Malaysia and supply for RM in foreign countries. c. Demand of foreign currencies to Malaysia and a demand for RM in foreign countries. d. Supply of foreign currencies to Malaysia and a supply for RM in foreign countries.Holding other things constant, an appreciation of anation’s currency causesa. exports to rise and imports to fall.b. exports to fall and imports to rise.c. both exports and imports to rise.d. both exports and imports to fall.A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market. Due to loss of competitiveness brought on by appreciation of the exchange rate and the high production costs, U.S. government reduce the export (or limit the supply of domestic producers) by imposing an export quota of 20 billion units per year. What happens to U.S. price of semiconductors, the quantity of semiconductors bought by U.S. people, and the quantity of semiconductors exported? [hint: use equation to calculate the equilibrium]
- Determine whether a country will become a net-importer or net-exporter of agood when it moves from autarky to free trade.The dollar–yen exchange rate falls from 100 to80 yen per dollar. At the same time, the price levelin the United States rises from 180 to 200, and theprice level in Japan remains the same. As a result,a. American goods have become more expensiverelative to Japanese goods.b. American goods have become less expensiverelative to Japanese goods.c. the relative price of American and Japanesegoods has not changed.d. both American and Japanese goods have becomerelatively less expensive.Many U.S. business leaders argue that the current state of U.S. net exports is the result ofa. U.S. export subsidies.b. free trade policies of foreign governments.c. unproductive U.S. workers.d. unfair foreign competition.