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

(E/S) A 0.8 DI Quantity of Dollars Traded Sell all currency. Buy eitherdollars or euros. Convert dollars to euros. O Convert euros to dollars. MacBook Air F4 F5 DII F6 F7 F8 F9 F10 % k a > O OOQuestion 2 (1 point) Assume it is June 1, 2016 and the exchange rate for U.S. dollars and British pounds is approximately $1.00 = 20.70. On June 23, 2016, the British voted to approve Brexit, removing the U.K. from the European Union. After the vote, on July 1, 2016, the exchange rate for U.S. dollars and British pounds increased to approximately $1.00 = 80.75. What effect will this have on the U.K.'s balance of trade? The U.K.'s balance of trade will not change. The U.K.'s balance of trade will increase. The U.K.'s balance of trade could increase or decrease. The U.K.'s balance of trade will decrease. Question 3 (1 point) Assume it is June 1, 2016 and the exchange rate for U.S. dollars and British pounds is approximately $1.00 - 60.70. On June 23, 2016, the British voted to approve Brexit, removing the U.K. from the European Union. After the vote, on July 1, 2016, the exchange rate for U.S. dollars and British pounds increased to approximately $1.00 - 80.75. What effect will this have on the values of the currencies? The U.S. dollar's value will weaken. The British pound will depreciate in value. MacBook Air 20 F3 2. F5 - - F6 F7 F8 F9 F10 LA % > A 5 8 O m R Y U O Pisther Emeka Emeji: Attempt 1 (E/$) 0.9 D1 Quantity of Dollars Traded Sell all currency. Convert euros to dollars. Convert dollars to euros. Buy either dollars or euros. MacBook Air 000 F3 080 F4 F5 DII F6 F7 F8 F9 $ % AQuestion 12 (1 point) A TV made in Japan sells for #30,000. Suppose the exchange rate of U.S. dollars for Japanese yen changes from $1.00 = * 100 to $1.00 = * 117.02. What has happened to the cost of the TV in the U.S.? That is, what is the change in the cost of the TV for consumers in the U.S. in dollars? Provide your answer in dollars rounded to one decimal place. Use a negative sign "-" for negative values. Do not include any symbols, such as "$," "=," "%," or "," in your answer. Your Answer: Answer Question 13 (1 point) Assume it is June 1, 2016 and the exchange rate for U.S. dollars and British pounds is approximately $1.00 = 20.70. You are a currency speculator. Somehow you know that on June 23, 2016, the British will vote to approve Brexit, removing the U.K. from the European Union. Suppose you also know that about week after the vote, on July 1, 2016, the exchange rate for U.S. dollars and British pounds will have increased to approximately $1.00 = 60.76. In your portfolio (on June 1), you have $5,000,000 in dollars and $5,000,000 in pounds with which to speculate. Your intent is to profit from currency speculation. Using the money in your portfolio to make currency trades on June 1 and on July 1, calculate how much profit you could make in dollars. Provide your answer in U.S. dollars rounded to one decimal place. Use a negative sign "-" for negative values. Do not include any symbols, such as "S," "=," "%," or "," in your answer. Your Answer: MacBook Air 20 F3 0OO F4 F5 DII F6 F7 F8 F9 % O - AQuestion 9 (1 point) On June 1, 2016, the exchange rate for U.S. dollars and euros was approximately $1.00 = 60.90, as shown in the market for U.S. dollars below. Suppose the interest rate is expected to fall in the European Union (relative to the interest rate in the U.S.). As a currency speculator, how should you respond before the interest rate change in order to profit? S1 Exchange Rate (E/S) 0.9 DI Quantity of Dollars Traded MacBook Air 20 F3 000 F4 F5 F6 44 DII F7 F9 F10 % NO - OQuestion 7 (1 point) Suppose the exchange rate for U.S. dollars and euros is approximately $1.00 = 60.80, as shown in the market for U.S. dollars below. Suppose the interest rate is expected to rise in the European Union (relative to the interest rate in the U.S.). As a currency speculator, how should you respond before the interest rate change in order to profit? Exchange Rate (E/S) 0.8 D Quantity of Dollars Traded MacBook Air 20 F3 000 F4 F5 - - F6 F7 F8 F9 F10 % * O - R Y U O PQuestion 14 (1 point) Suppose the U.S. engages in expansionary fiscal policy by increasing government spending ( and decreasing taxes (T). What effect would this have on the U.S.'s trade deficit? The U.S.'s trade deficit could become larger or smaller. The U.S.'s trade deficit will become larger (more negative). The U.S.'s trade deficit will become smaller (closer to zero). The U.S.'s trade deficit will be unaffected. Question 15 (1 point) Suppose the U.S. engages in contractionary monetary policy by decreasing money supply by selling treasuries. What effect would this have on the U.S.'s trade deficit? O The U.S.'s trade deficit will be unaffected. The U.S.'s trade deficit could become larger or smaller. The U.S.'strade deficit will become smaller (closer to zero). The U.S.'s trade deficit will become larger (more negative). MacBook Air 20 FS F4 F5 F6 DII F7 F8 F9 LA % & 4 5(E/S) A 0.8 DI Quantity of Dollars Traded The value of the dollar will remain unchanged. The dollars could appreciate or depreciate in value. The dollar will appreciate in value. The dollar will depreciate in value. MacBook Air DO0 F4 F5 F6 DII F7 F8 F9 % &Question 1 (1 point) Suppose the exchange rate of U.S. dollars for Japanese yen changes from $1.00 = $ 100 to $1.00 = * 120. What effect will this have on the U.S. net exports? The U.S.'s net exports will increase. The U.S.'s net exports could increase or decrease. The U.S.'s net exports will decrease. The U.S.'s net exports will not change. Question 2 (1 point) Assume it is June 1, 2016 and the exchange rate for U.S. dollars and British pounds is approximately $1.00 = 20.70. On June 23, 2016, the British voted to approve Brexit, removing the U.K. from the European Union. After the vote, on July 1, 2016, the exchange rate for U.S. dollars and British pounds increased to approximately $1.00 = 80.75. What effect will this have on the U.K.'s balance of trade? The U.K.'s balance of trade will not change. The U.K.'s balance of trade will increase. The U.K.'s balance of trade could increase or decrease. The U.K.'s balance of trade will decrease. MacBook Air 20 F3 F4 F5 F6 F7 F8 F9 F10 O - A LA 5 6 8 E R U O P