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Oranges are the only good producedin the us and spain. 1 ton of orangescost $310 in the us, and200euros in spain. the nominal exchange rate is $1.55 per euro.
a. calculate the real exchange rate(e)from the us's perspective. intuitively, what does thisnumber represent?
b. now supposethat one ton of oranges costs 150 euros in spain, and everything is the same asabove. explain if, and how you can make a profit in this situation. what would you expect tohappen to the price of oranges in the us and spain if other people also followed your strategy? assuming that transportation costs are zero, and that all goods are tradable, what does thisimply about the real exchange rate, e?
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Business, 22.06.2019 10:00, boo6931
Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.
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Oranges are the only good producedin the us and spain. 1 ton of orangescost $310 in the us, and200eu...
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