Hello! I need help with my Econ homework. It's 15 questions, you don't have to answer all of them but I appreciate anything you can do! Thanks!

Question 7 (1 point) What is a managed float exchange rate system? A system under which the value of currencies is determined by supply and demand with occasional government intervention. A system under which the value of currencies is determined by the amount of gold each country has. A system under which the value of currencies is determined exclusively by supply and demand. O A system under which countries agree to keep the exchange rates among their currencies fixed for long periods. Question 8 (1 point) The exchange rate of U.S. dollars for Canadian dollars is currently $1.00 = C$1.14. The U.S. and Canada allow their currencies to float. Suppose you are an importer-exporter who seeks to profit from buying and selling goods internationally. Also suppose the price of the Audi A8 sedan sells for $52,000 in the United States and C$52,000 in Canada (in Canadian dollars). How much in dollars can you earn per Audi traded? Provide your answer in U.S. dollars rounded to two decimal places. Use a negative sign "-" for negative values. Do not include any symbols, such as "$," "=," "%," or "." in your answer. Your Answer: Answer MacBook Air DOO F4 - F6 14 F5 DII F7 F8 F9 F10 O - 8Esther Emeka Emeji: Attempt 1 ($/baht) 0.04 0.03 0.02 D1 Quantity of Thai baht Traded per Day The baht supply curve and the baht demand curve will shift to the left. The baht supply curve will shift to the right and the baht demand curve will shift to the left. The baht supply curve will shift to the left and the baht demand curve will shift to the right. The baht supply curve and the baht demand curve will shift to the right. MacBook Air 80 F3 F4 F5 - F6 44 F7 F8 F9 F10 LA * O - A 8 R Y U O PQuestion 11 (1 point) In the 1990s, the Thai baht was pegged to the U.S. dollar at a rate of $1.00 = 25 baht. This is illustrated in the graph for U.S. dollars below. How will the actions of speculators affect this market? Exchange Rate (baht/$) 50.0 33.3 25.0 DI Quantity of U.S. Dollars Traded per Day The actions of speculators will result in a larger shortage of dollars MacBook Air F3 F4 F5 F6 F7 F8 F9 O - OOQuestion 14 (1 point) In the 1990s, the Thai baht was pegged to the U.S. dollar at a rate of 1 baht = $0.04. This is illustrated in the graph for Thai baht below. At the pegged rate, is this currency market in equilibrium? Exchange Rate ($/baht) 0.04 0.03 0.02 D1 Quantity of Thai baht Traded per Day There is a surplus of Thai baht. MacBook Air GO F3 DOO F4 2. DII F5 F7 F8 F9 F10 K LA % 5 6 8 9 O R T Y U O PQuestion 5 (1 point) Some developing countries have attempted to keep their exchange rates fixed against the U.S. dollar or other currencies, an action known as pegging. What are some advantages of pegging? The elimination of opportunities for currency speculators to profit. A more credible commitment to fighting inflation. Independent monetary policy. Facilitating trade with a major trading partner. More effective fiscal policy. Question 6 (1 point) Although the U.S. and most other countries allow their currencies to float, their exchange rates do not completely adjust such that there is purchasing power parity. What are the reasons why the exchange rate for dollars and the currencies of other countries might not completely adjust such that there is purchasing power parity? Indicate reasons why purchasing power parity does not exist perfectly. O Consumer preferences are similar across countries. Services cannot be traded internationally. Countries impose tariffs. Durable goods cannot be traded internationally. MacBook Air 30 F3 F4 F5 F6 DII F7 F8 F9 O/ 8Exchange Rate ($/baht) 0.04 0.03 0.02 Quantity of Thai baht Traded per Day There is a surplus of Thai baht. There is a surplus of U.S. dollars. O There is a shortage of Thai baht. The supply of Thai baht equals the demand for Thai baht. MacBook Air 20 F3 JOO F4 2 F5 - F6 DII F7 F8 F9 F10 LA % & A 5 6 7 8 9 O R Y U O PQuestion 15 (1 point) In the 1990s, the Thai baht was pegged to the U.S. dollar at a rate of $1.00 = 25 baht. This is illustrated in the graph for U.S. dollars below. How will the actions of speculators affect this market? Exchange Rate (baht/$) 50.0 33.3 25.0 Quantity of U.S. Dollars Traded per Day MacBook Air DII DD 20 F3 000 F4 2. F5 F6 F7 F8 F9 F10 % - LA A 5 6 7 8 E R T Y U O PQuestion 9 (1 point) The exchange rate of dollars per euro is currently $1.00 = 60.81. The U.S. and the European Union allow their currencies to float. Suppose you are an importer-exporter who seeks to profit from buying and selling goods internationally. Also suppose the price of a 2015 Lexus LS600H sedan sells for $119,000 in the United States and 119,000 in Germany. How much in dollars can you earn per Lexus traded? Provide your answer in dollars rounded to two decimal places. Use a negative sign "-" for negative values. Do not include any symbols, such as "$," "=, 6." "=," "%," or "," in your answer. Your Answer: Answer Question 10 (1 point) In the 1990s, the Thai baht was pegged to the U.S. dollar at a rate of $1.00 - 25 baht. This is illustrated in the graph for U.S. dollars below. What, if anything, must the Thai government do to maintain the pegged exchange rate? Exchange Rate (baht/$) 50.0 33.3 MacBook Air 688 F4 F5 F6 DII F7 F8 F9 F10 % 6 8 Y U O P(baht/$) 50.0 33.3 25.0 Quantity of U.S. Dollars Traded per Day The Thai government must sell Thai baht for U.S. dollars. The Thai government must sell U.S. dollars for Thai baht. The Thai government must buy U.S. dollars with Thai baht. The Thai government must neither buy nor sell Thai baht. MacBook Air GO F3 000 F4 F5 44 F6 DII F7 F8 F9 F10 o/ 8 O YQuestion 2 (1 point) Although the U.S. and most other countries allow their currencies to float, their exchange rates do not completely adjust such that there is purchasing power parity. What are the reasons why the exchange rate for dollars and the currencies of other countries might not completely adjust such that there is purchasing power parity? Indicate reasons why purchasing power parity does not exist perfectly. Transportation costs may significantly raise the prices of imports. Countries have set trade quotas. Many countries have free trade agreements. Consumer preferences are different across countries. Durable goods are traded internationally. Question 3 (1 point) Some developing countries have attempted to keep their exchange rates fixed against the U.S. dollar or other currencies, an action known as pegging. What are some disadvantages of pegging? No opportunities for currency speculators to profit. Difficulty pursuing an independent monetary policy. The inability to fight inflation. The government needing to support an under- or over-valued currency. MacBook Air F4 DII F5 F6 F7 F8 F9 LA % a > A OExchange Rate (baht/$) 50.0 33.3 25.0 DI Quantity of U.S. Dollars Traded per Day The actions of speculators will result in a larger shortage of dollars. The actions of speculators will result in a smaller shortage of dollars The actions of speculators will result in a smaller surplus of dollars. The actions of speculators will result in a larger surplus of dollars. MacBook Air F5 - -' F6 DII DD F7 F8 F9 F10 o/ 8 O U O PQuestion 12 (1 point) In the 1990s, the Thai baht was pegged to the U.S. dollar at a rate of 1 baht = $0.04. This is illustrated in the graph for Thai baht below. How will the actions of speculators affect this market? Exchange Rate ($/baht) 0.04 0.03 0.02 Quantity of Thai baht Traded per Day The baht supply curve and the baht demand curve will shift to the left. The baht supply curve will shift to the right and the baht demand curve will shift MacBook Air 20 F3 000 F4 F5 F6 14 F7 DII F8 F9 F10 % O - O - 8Question 10 (1 point) In the 1990s, the Thai baht was pegged to the U.S. dollar at a rate of $1.00 = 25 baht. This is illustrated in the graph for U.S. dollars below. What, if anything, must the Thai government do to maintain the pegged exchange rate? Exchange Rate (baht/$) 50.0 33.3 25.0 D1 Quantity of U.S. Dollars Traded per Day The Thai government must sell Thai baht for U.S. dollars. MacBook Air 20 F3 100 F4 F5 F6 F7 DII F8 F9 F10 # % k " > 4 5 O - 8 O Y U OQuestion 1 (1 point) What is a fixed exchange rate system? O A system under which the value of currencies is determined by the amount of gold each country has. O A system under which the value of currencies is determined exclusively by supply and demand. A system under which the value of currencies is determined by supply and demand with occasional government intervention. A system under which countries agree to keep the exchange rates among their currencies fixed for long periods. Question 2 (1 point) Although the U.S. and most other countries allow their currencies to float, their exchange rates do not completely adjust such that there is purchasing power parity. What are the reasons why the exchange rate for dollars and the currencies of other countries might not completely adjust such that there is purchasing power parity? Indicate reasons why purchasing power parity does not exist perfectly. Transportation costs may significantly raise the prices of imports. Countries have set trade quotas. Many countries have free trade agreements. MacBook Air BO F3 F5 DII F6 F7 F8 F9 % 5 OOEsther Emeka Emeji: Attempt 1 33.3 25.0 Quantity of U.S. Dollars Traded per Day The dollar supply curve and the dollar demand curve will shift to the right. The dollar supply curve will shift to the right and the dollar demand curve will shift to the left. The dollar supply curve will shift to the left and the dollar demand curve will shift to the right. The dollar supply curve and the dollar demand curve will shift to the left. MacBook Air F4 F5 - - F6 44 F7 F8 F9 F10 LA % 5 6 8 9 O E R T Y U O PQuestion 6 (1 point) Although the U.S. and most other countries allow their currencies to float, their exchange rates do not completely adjust such that there is purchasing power parity. What are the reasons why the exchange rate for dollars and the currencies of other countries might not completely adjust such that there is purchasing power parity? Indicate reasons why purchasing power parity does not exist perfectly. Consumer preferences are similar across countries. Services cannot be traded internationally. Countries impose tariffs. Durable goods cannot be traded internationally. Transportation costs are generally minimal. Question 7 (1 point) What is a managed float exchange rate system? A system under which the value of currencies is determined by supply and demand with occasional government intervention. A system under which the value of currencies is determined by the amount of gold each country has. O A system under which the value of currencies is determined exclusively by supply and demand. which MacBook Air F3 DO0 F4 F5 F6 DII F7 F8 F9 F1 % O - 6Question 13 (1 point) In the 1990s, the Thai baht was pegged to the U.S. dollar at a rate of 1 baht = $0.04. This is illustrated in the graph for Thai baht below. What, if anything, must the Thai government do to maintain the pegged exchange rate? Exchange Rate ($/baht) 0.04 0.03 0.02 Quantity of Thai baht Traded per Day The Thai government must neither buy nor sell Thai baht. The Thai government must sell Thai baht for U.S. dollars. MacBook Air 20 F3 F5 F6 DII F7 F8 F9 F10 % A LA 5 O - 6 8 R Y U OQuestion 3 (1 point) Some developing countries have attempted to keep their exchange rates fixed against the U.S. dollar or other currencies, an action known as pegging. What are some disadvantages of pegging? No opportunities for currency speculators to profit. Difficulty pursuing an independent monetary policy. The inability to fight inflation. The government needing to support an under- or over-valued currency. Reduced trade with other countries. Question 4 (1 point) What is a floating exchange rate system? A system under which the value of currencies is determined exclusively by supply and demand. O A system under which the value of currencies is determined by supply and demand with occasional government intervention. A system under which the value of currencies is determined by the amount of gold each country has. O A system under which countries agree to keep the exchange rates among their currencies fixed for long periods. MacBook Air 20 F3 000 F4 F5 F6 DII F7 F8 F9 $ % O - A O 8Exchange Rate ($/baht) 0.04 0.03 0.02 Quantity of Thai baht Traded per Day The Thai government must neither buy nor sell Thai baht. O The Thai government must sell Thai baht for U.S. dollars. O The Thai government must buy baht with U.S. dollars. The Thai government must buy U.S. dollars with Thai baht. MacBook Air BO F3 980 F4 DIT F5 F6 F7 F8 F9 F10 % A LA 5 6 8 9 O R Y U O P