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Alex17521 [72]
2 years ago
6

Assume that a country with an open economy has a fixed exchange-rate system and that its currency is currently overvalued in the

foreign exchange market. Which of the following must be true at the official exchange rate?
a. The quantity of the country's currency supplied is less than the quantity demanded.
b. The quantity of the country's currency supplied exceeds the quantity demanded.
c. the demand curve for the country's currency is horizontal.
d. The supply curve for the country's currency is horizontal.
e. The domestic interest rate is equal to the interest rate in that of the world.
Business
1 answer:
olasank [31]2 years ago
7 0

Answer: b. The quantity of the country's currency supplied exceeds the quantity demanded.

Explanation:

A country operating a fixed-exchange rate system would be actively trading its currency to ensure that it remains at a certain rate. If the currency is overvalued, it means that the currency is actually weak and is being propped up by the company's actions in the forex market.

A reason for the weakness would be that the supply is higher than the demand of the currency which means that, as per the rules of supply and demand, the currency is trading at a lower price, i,e., it is weak.

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​Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturi
sasho [114]

Answer:

The amount of manufacturing overhead allocated for the year based on machine hours would have been​ $268,087

Explanation:

For computing the manufacturing overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $238,700 ÷ 20,200 hours

= $11.81

Now the manufacturing overhead equal to

= Actual direct labor-hours × predetermined overhead rate

= 22,700 hours × $11.81

= $268,087

3 0
3 years ago
Margie noticed that sales of her company's newest bicycle product are much higher than anticipated. She wants to investigate why
Vladimir79 [104]

<u>The answer is "b. sales analysis".</u>


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Normally a sales analysis will contrast one time span with a comparable period before.

5 0
3 years ago
Read 2 more answers
The worksheet range ____ references the worksheets, "sheet1," "sheet2," "sheet3," and "sheet4."
kodGreya [7K]
<span>Answer: Sheet1:Sheet4
       
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4 0
3 years ago
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What type of advertising is common during the growth stage of the product life cycle as firms compete directly and attempt to ta
anzhelika [568]
That depends for a industrial or consumer wise.


Advertisements that are suitable for growth stage are samples of the good or product given for consumers to try. (If a good or product is in the need category, it will be popular effortlessly)
At growth: sales increase thus, an option for a product to change for the better: size, price, quality, neatness. (Doing so will beat competition)
Media research: helps to showcase your product on the web and that attracts customers.
Market intelligence: helps customers to gain an understanding of a product: details, needs, terms of use.
Opinion & attitude research: comes after market intelligence to question customers' opinions and thoughts and feelings about the product.


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7 0
2 years ago
Taco Casa is considering installing touch screen terminals for patrons to place their food orders. A terminal can typically acco
snow_lady [41]

Answer:

$0.8

Explanation:

Data provided in the question:

Number of orders each hour = 15

Number of orders processed each hour = 20

Wages = $7.50/hr

Taxes = $4.50/hr

Now,

Total cost per hour = $7.50 + $4.50 = $12

Therefore,

By installing touch screen, Taco Casa can save $12 per hour

but touch screen can accommodate only 15 orders

Thus,

Per order opportunity cost of a touch screen

= Total amount saved ÷ Number of Orders accommodated by touch screen

= $12 ÷ 15

= $0.8

6 0
3 years ago
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