1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marysya [2.9K]
3 years ago
8

3) Two countries, the US and England, produce only one good, wheat. Suppose the price of wheat is $3.25 per pound in the US, and

1.35 pounds in the UK. a. According to the law of one price, what should the $:pound spot exchange rate be
Business
1 answer:
Tcecarenko [31]3 years ago
8 0

Answer:

$2.4074/pound

Explanation:

The law of one price states that the same good in two different countries must be sold for the same amount of money, which means that the $/pound spot rate must ensure that wheat costs the same on both countries.

Therefore, the spot rate 'r' is:

\pounds 1.35*r=\$ 3.25\\r= \frac{\$ 3.25}{\pounds 1.35}\\r=2.4074 \frac{\$}{\pounds}\\

The spot rate should be $2.4074/pound.

You might be interested in
Laptop computers, personal digital assistants, and cellular phones were all readily accepted and diffused in u.s. markets where
bezimeni [28]
Compatibility is the correct answer :-(
8 0
3 years ago
The primary purpose of parks and natural areas is for recreation and human use. true or false
Elena L [17]
<span>True. Parks and natural areas provide an avenue for humans to conduct adventure programs and activities. with proper stewardship and preservation, parks and natural areas provide a conducive place for outdoor recreation and education programs that may lead to increased health, wellness, and community participation.</span>
5 0
3 years ago
David, an Alabama resident, files a suit in an Alabama court against QuickAds, an Internet company based in Georgia that provide
mihalych1998 [28]

Answer:

B. Not likely to have jurisdiction over the case is the correct answer.

Explanation:

In the US, A state court can have jurisdiction over the case in which there is some connection to the state. The majority of civil and criminal cases are handled by the state courts. State courts apply state laws to decide cases. They are common law cases. The state's constitution and legislation's are binding on them, if the need arises they also take the federal court into account. The decisions of the lower courts can be challenged in high courts.

7 0
3 years ago
Amaya is a member of a new product design team. The team leader proposed a process that would get quick results, but Amaya was c
Vera_Pavlovna [14]

People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

  • Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.

It is often based on a common desire not to anger the balance of a group of people.

It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.

Learn more about Groupthink from

brainly.com/question/10206116

5 0
3 years ago
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat
n200080 [17]

Answer:

a. 190 Units

b.95 Units

c. 31.6

d.7.9 Units

e.$1.898

f.$601.898

Explanation:

Please see attachment

4 0
4 years ago
Other questions:
  • A producer of medical devices makes a single model that can be customized to talk in and display any of 47 different languages.
    15·1 answer
  • Disaster recovery typically looks at the __________. Select one:
    13·2 answers
  • Which of the following best defines a financial intermediary?
    7·1 answer
  • What type of law regulates how workers pay and safety?
    6·1 answer
  • Suppose that the supply of oil to Pittsburgh, Pennsylvania, is perfectly elastic. If more people move to Pittsburgh because of i
    15·1 answer
  • Short Company purchased land by paying $27,000 cash on the purchase date and agreed to pay $27,000 for each of the next seven ye
    10·1 answer
  • What are the resources og microeconomics?
    15·2 answers
  • Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes t
    10·1 answer
  • Bailand Company purchased a building for $148,000 that had an estimated residual value of $8,000 and an estimated service life o
    5·1 answer
  • How does the microeconomic environment affect your daily life? What can you do to live a better life after completing this cours
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!