Answer:
My percentage profit is 15%
Explanation:
Total investment = $20 × 1000 = $20,000
Rise in value of investment = $23 × 1000 = $23,000
Profit = $23,000 - $20,000 = $3,000
Percentage profit = profit/total investment × 100 = $3,000/$20,000 × 100 = 15%
Answer:
appreciates and buys more Chinese goods
Explanation:
Nominal exchange rate is the rate at which one unit of currency can be exchanged for another unit of currency.
If exchange rate is 1 dollar for 6 Chinese yuan , it means that 1 dollar would buy 6 Chinese yuan.
If exchange rate now becomes 1 dollar for 7 Chinese yuan , it means that 1 dollar would buy 7 Chinese yuan.
One dollar is now buying more Chinese yaun (7>6). It means that the dollar has appreciated and the Yaun has depreciated.
Currency appreciation is when the a currency increases in value.
As a result the dollar would buy more Chinese goods.
I hope my answer helps you
First, a consumer will analyze the cost of the products.
Next, the costumer will analyze the benefit that that products could bring for them. Let's say that both products cost $ 50. The costumer may think :
- The concert will give me about 3 hours of happiness
- while the jeans could give me about 3 years and it motivate me to maintain my weight.
After weighing the benefit, the jeans is more favorable to him because it bring more benefit to him than the tickets so he chose to use his money to buy the jeans instead
