Draw the Supply and Demand for Rubles relative to the US dollar. Where 15 is equivalent to 66 Rubles. 18. Show what happens if the savers believe the Russian government might default on its debt. Did the Ruble APPRECIATE or DEPRECIATE 19. 20. 21. 22. Match the following transactions with the United States Capital Account or the Current Account and whether it as a + (positive) or - (negative) effect on the balance. (CIRCLE RIGHT ANSWERS) 23. An American travels to Paris for Vacation CAPITAL CURRENT 24. 25. An American buys a Castle in France CAPITAL CURRENT + 26. 27. An American buys a car manufactured in S. Korea CAPITAL CURRENT + 28. 29. The Chinese Government buys U.S. Treasury Bonds CAPITAL CURRENT 30. 31. A Mexican buys an iphone CAPITAL CURRENT 32. 33. An American buys a car manufactured in S. Korea CAPITAL CURRENT + 34. 35. An Italian travels to Disneyland for Vacation CAPITAL CURRENT + 36. 37. A Japanese buys a house in Tucson CAPITAL CURRENT + 38. 39. A German buys a car manufactured in the U.S. CAPITAL CURRENT 40. 41. The Bank of America buys German Government Bonds CAPITAL CURRENT 42. 43. A Guatemalean buys an 737 from Boeing CAPITAL CURRENT + 44. 45. An Spaniard comes to U of A for college CAPITAL CURRENT 46.47. What does the law of one price say? 48. 49. Below is the domestic supply and demand for lighters in a small country. e 1.25 a D 150 75 1 125 D 50 100 150 50. What is the autarky price? 51. With a world price of .5 how much is demanded domestically. 52. With a world price of .5 how much is produced domestically. 53. Does Consumer surplus go up or down with free trade 54. How much does Consumer surplus change by (use the labels) 55. How much does Free trade raise total surplus. (use the labels)Below is a graph of the market for sugar in the United States. (assume US is a small country) The World Price of Sugar is 1. USE ONLY NUMBERS ON THE GRAPH WE U world Price D 10 40 60 80 100 56. With Free Trade how much is produced domestically 57. How much sugar is imported with free trade? 58. If a quota of 20 is placed on sugar imports how much sugar is imported? 59. What is the price of sugar in the US with the quota. 60. What is the value of the windfall profits created with the quota. On the graph SHADE the dead weight loss created by the quota. 61. 62. 63.Below is market for Wine in the Country of the United Kingdom. US supply/Price of wine is 1. French supply/Price of wine is 2. The EU places a tariff of 2 on non-EU wine. The UK is a member of the EU. P 4 e d 2 C f 9 French a supply K i ,h Us - Supply L 1 m n 4 D. 5 6 2 64. How much wine is consumed? 65. How much govt. revenue does the wine trade generate? 66. What is consumer surplus? 67. What is producer surplus? The UK wants to leave the EU. (Note: the Tax will now apply to all imported wine) If they do: 68. How much wine is consumed after leaving the EU? 69. How much govt. rev. does the wine trade generate after leaving the EU? (a #) 70. What is consumer surplus after leaving the EU? 71. What is producer surplus after leaving the EU? 72. Does total welfare for UK rise or fall? 73. What is the Change in total welfare or surplusGiven these exchange rates: 1$ = 100 Yen, 1$ = .75 Euro, 1$ = 20 Pesos, 1$ = 66 Rubles. And these prices for iPhones $1000 in US, 90,000 Yen in Japan, 600 Euro in France, 25,000 Pesos in Mexico, and 75,000 Rubles in Russia. What is the dollar price of an iPhone in each country? 74. Japan 75. France 76. Mexico 77. Russia 78. Which country does the law of one price hold? (could be none) These were the exchange rates Dec. 2017 and Dec 2018 for the Following Currencies. Did they appreciate or depreciate against the dollar. 2017 2018 Dollar? 79. 15 = .75 euro 1 euro = 1.15$ Appreciated Depreciated 80. 1$ = 100 Yen 15 = 99 Yen Appreciated Depreciated 81. 15 = 1.5 Pounds 1 Pound = .9$ Appreciated Depreciated 82. 15 = 20 Pesos 1 Peso = .15 Appreciated Depreciated Why might the government prefer a tariff over a quota? a 83. 84. 85.Draw the Supply and Demand for Pesos relative to the US dollar. Where 15 is equivalent to 20 Pesos. 1. Show what happens if there is a decrease in American's vacationing in Mexico due to concerns over cartel violence and crime. Did the Peso APPRECIATE or DEPRECIATE 2. Aw Draw the Supply and Demand for dollars relative to the euro. Where 1.15$ is equivalent to 1 euro. 6. Show what happens if American interest rates rise relative to European interest rates. Did the Dollar APPRECIATE or DEPRECIATE 7. 8. 9. 10. List 4 things that impact exchange rates in the long run 11. 13. 12. 14. 15. What drives exchange rate fluctuation the short run? 16. 17.\fDom . S. A D WORLD PRICE Dom. D