Question

A bento box (Japanese combo) cost food court. The exchange rate is lunch s 95 yen at a local Bentos.oxhatistd change of the l a 6%;2,s- Bento Box in US dollars? 9 s x 10·3 0-13 Canada places an embargo on imports from Jamaica. Supply: Demand Price: Jake is on vacation in Brazil and he wants to buy a necklace for his girlfriend. A necklace costs 41.50 reals. The exchange rate is $3.03-What is the price of the necklace in US dollars? Determinant: South Korea begins to stop buying wool from New Zealand. Supply Demand: Price: tity: John wants to bring Mexican peppers back to the United States for his chili recipe. 2 pounds of peppers cost 16 pesos. 2 pounds of peppers cost $15.16 pesos. What is the exchange rate?

Helpp

Answer 1

For Q1, exchange rate is $10.15 per yen. Price = 95 yen. Hence, price in $ = 95yen * 10.15$/yen = 964.25

2. Embargo on imports from Jamaica, would reduce Supply of Jamaican products, supply curve shifts left. Price Increases and quantity supplied decreases.

3. $3.03 per real * 41.50 real= 125.75 USD

4. SK stops buying wool from NZ, would lead to decrease in Wool supply in SK, leading to increased price and reduced quantity.

5. 2 pounds of peppers= 16p = $15.15. hence 1$= 16/15.15 = 1.06 pesos. Alternatively, 1 peso = $15.15/16 = 0.95 $

Hope this helps