1. Assume that the United States exports 1,000 computers costing $3,000 each and imports 150 UK autos at a price of f10,000 each. Assume that the dollar/pound exchange rate is $2 per pound. Calculate in dollar terms: a. The US export receipt b. US import payments c. Trade balance d. Suppose the dollar's exchange value depreciates by 10%. Assuming that the price elasticity of demand for exports for US equals 3 any price elasticity of demand for US imports equals 2, does the dollar depreciation improve or worsen the US trade balance? Why? e. No assume that the price elasticity of demand for US exports equals 0.3 and praise elastic city of demand for US imports equals 0.2. Those this change the outcome? Why? When finished