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
Arisa [49]
3 years ago
10

Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable

money supply and slow, steady technological progress in TV production, while Russia has very rapid growth in the money supply and no technological progress in vodka production. Based on this information, what would you predict for the real exchange rate (measured as bottles of vodka per TV) and the nominal exchange rate (measured as rubles per yuan)
Business
1 answer:
Damm [24]3 years ago
8 0

Answer:

The real exchange rate would result in a growth of the relative price of Chinese TVs over the price of Russian Vodka.

This is because Chinese TVs are becoming more technologically advanced, increasing both their nominal and real value, while Russian Vodka is being produced en masse, but without technological progress, decreasing both its nominal and real value.

The nominal exchange rate would result in the ruble depreciating strongly against the Yuan.

The quick growth of money supply in Russia means inflation, and this added to the loss of value of the Vodka exports, results in the decrease of nominal value for the ruble against the Yuan, which has a moderate growth in money supply (meaning moderate inflation), and benefits from the exports of a good that is appreciating (the Chinese TVs).

Explanation:

You might be interested in
Tickets to see Willie Nelson cost $40. On any given day, you would be willing to pay up to $50 to see and hear Willie Nelson per
Lady bird [3.3K]

Answer:

$40

Explanation:

The Value to seeing the clubs  play the White Sox must be valued at an amount that include the cost price at the minimum.The maximum the value would be $50 (at which any amount above this you will not be willing to accept the ticket).

6 0
3 years ago
Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at
mixer [17]

Answer:

Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.

Explanation:

Closing Entries

a. Accounts Payable:  No it is not closed to income summary account.

b. Advertising Expense:  Yes it is  closed to income summary account.

c. Cost of Merchandise Sold: Yes it is  closed to income summary account.

d. Dividends : No these are closed To Retained Earnings Accounts.

e. Merchandise Inventory : Yes it is  closed to income summary account

f. Sales Yes it is  closed to income summary account

g. Supplies:  No prepaid supplies are an asset account and it is included balance sheet.

h. Supplies Expense: Yes it is  closed to income summary account

i. Wages Payable: Not closed in the income summary account.

These are liabilities and included in the balance sheet.

8 0
3 years ago
how does the cost of financial capital influence innovative research and development activities in a competitive market?
Marysya12 [62]

Because R&D initiatives are expected to yield a greater rate of return, businesses seek a huge quantity at a cheap cost.

<h3>What are the necessary finances?</h3>

To calculate your financial requirement, divide your anticipated family commitment by two and the cost of attendance (COA) for even a school (EFC). Although COA varies from university to university, your EFC does not change no matter which school you attend.

<h3>Which four necessities in terms of financial are there?</h3>

For the majority of Americans, job is the first step toward financial stability. People need revenue to meet expenditures and for budgetary considerations. They also must invest for the future, save cash for a rainy morning, borrow money to acquire assets, plus insure yourself against shocks.

To know more about financial visit:

brainly.com/question/1537763

#SPJ4

3 0
1 year ago
Shannon’s has developed a super-premium craft beer to be marketed as Shannon’s Irish Stout. The cost of production (brewing, can
Arte-miy333 [17]

Answer:

$4.48

Explanation:

If Shannon needs to make a 12% markup based on cost, to obtain her minimum selling price to her distributor Miller of Denton, simply multiply the production cost per unit by 100% plus the desired markup.

If it costs her $4.00 to produce a six pack, her selling price should be:

P=1.12*\$4.00\\P=\$4.48

She should charge $4.48 per six pack.

3 0
3 years ago
Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to th
scoundrel [369]

Answer:The output will be $billion and the price level will increase.

Explanation:Long term accommodative policies by government causes a shift to the right of aggregate demand curve in response to the left shifting of the aggregate supply curve in the short run.

This change will definitely cause an increase in aggregate demand without a corresponding increase in aggregate supply to meet the demand.

In doing this the government aims to permanently higher prices in order to restore employment and output to it's original level.

3 0
3 years ago
Other questions:
  • The story of the Reset Button is an example of a noise caused by (select all that apply)
    12·1 answer
  • Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one​ day, nancy and chu
    5·1 answer
  • A man buys 4.5 acres of land for $78,400. an adjoining owner wants to purchase a strip of this land measuring 150 feet by 100 fe
    7·1 answer
  • An economic theory holding that the constant gradual expansion of the money supply is the key to a nation's economic health is
    14·1 answer
  • The goal of the army family team building program is to assist family members of soldiers by
    6·1 answer
  • Prepare the​ stockholders' equity section of upper a minus wirelessa−wireless​'s balance sheet at october 31, 2018. assume upper
    6·1 answer
  • Suppose that Jay-Z and Beyonce are duopolists in the music industry. In January, they agree to work 47. ether as a monopolist, c
    9·1 answer
  • The total factory overhead for Bardot Marine Company is budgeted for the year at $1,760,850, divided into four activities: fabri
    8·1 answer
  • On July 1, 2020, Swifty Company purchased for $6,120,000 snow-making equipment having an estimated useful life of 5 years with a
    6·1 answer
  • Which term best completes the diagram?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!