Exam 18: Open Economy Macroeconomics Basic Concepts: The Prices for International Transactions Real and Nominal Exchange Rates

Other things the same,the real exchange rate between American and Chinese goods would be higher if

Suppose the real exchange rate is 5/4 of a Canadian textbook per U.S.textbook ,a U.S.textbook costs $150,and a Canadian one costs 120 Canadian dollars.To the nearest penny,what is the nominal exchange rate?

Other things the same,if the exchange rate changes from .8 euros per dollar to .9 euros per dollar,the dollar

In the U.S.a candy bar costs $1.If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2,then,what would be the price of a candy bar in China?

If the price of a good in the U.S.is $10 and the unit of foreign currency is the dinar,in which case is the real exchange rate 5/4?

You are planning a graduation trip to Mexico.Other things the same,if the dollar depreciates relative to the peso,then

The real exchange rate is the nominal exchange rate,defined as foreign currency per dollar,times

Suppose that the real exchange rate between the United States and South Korea is defined in terms of baskets of goods.Other things the same,which of the following will increase the real exchange rate (that is increase the number of baskets of South Korean goods a basket of U.S goods buys)?

If the real exchange rate is less than 1,then the

If you go to the bank and notice that a dollar buys more Japanese yen than it used to,then the dollar has

Other things the same,which of the following would both make Americans more willing to buy Italian goods?

The nominal exchange rate is 2 Barbados dollars per U.S.dollar.If the price of a good in Barbados is 3 Barbados dollars and the price in the U.S.is 2 U.S.dollars,what is the real exchange rate to the nearest 100th?

The dollar is said to appreciate against the euro if

If the exchange rate is 5 Egyptian pounds per U.S.dollar,a watch that costs $25 US dollars costs

Suppose the real exchange rate is 1.25 pounds of bananas in Guatemala per pound of bananas in the U.S.If a pound of bananas in the U.S.costs $.50,and the exchange rate is 10 Guatemalan Quetzals per dollar,what is the price of bananas in Guatemala?

Other things the same,if the U.S.real exchange rate appreciates,U.S.net exports

If the real exchange rate between the U.S.and Japan is 1,the nominal exchange rate is 100 yen per U.S.dollar and the price of chicken in the U.S.is $2.50 per pound,what is the price of chicken in Japan?

Suppose that the real exchange rate between the United States and Kenya is defined in terms of baskets of goods.Other things the same,which of the following will increase the real exchange rate (that is increase the number of baskets of Kenyan goods a basket of U.S.goods buys)?

If a U.S.dollar purchases 4 Argentinean pesos,and a gallon of milk costs $3 in the U.S.and 6 pesos in Argentina what is the real exchange rate?

If the exchange rate changes from 148 Kazakhstan tenge per dollar to 155 Kazakhstan tenge per dollar,the dollar has