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Author Question: If the current exchange rate is 0.65 British pounds per dollar, what is the dollar price of one ... (Read 155 times)

Sufayan.ah

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on: Jun 29, 2018
If the current exchange rate is 0.65 British pounds per dollar, what is the dollar price of one British pound? If the exchange rate changes to 0.70 British pounds per dollar, what is the new dollar value of one British pound?
 
  What will be an ideal response?

Question 2

The table above presents the production possibilities frontier for a nation. Using the information in the table, when moving from possibility A to B to C to ultimately E, the cost of a unit of capital goods in terms of consumption goods
 
  A) decreases.
  B) increases.
  C) remains the same.
  D) decreases from possibility A to C, and then increases from possibility C to D.
  E) cannot be calculated.


Athena23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

At 0.65 pounds per dollar, 1 dollar / 0.65 pounds = 1.54 per pound.
At 0.70 pounds per dollar, 1 dollar / 0.70 pounds = 1.43 per pound.

Answer to Question 2

B


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