Need some help with these questions, thanks

1.

The exchange rate is the price of one currency in terms of another currency. An exd'iange rate species how many units of one country's cumency are needed to buy one unit of another country's currency. Suppose the following table forecasts exchange rate data for August 14, 2018, in terms of U.S. dollars per unit of foreign currency. Use the infonnation in the table to answer the questions that follow. Cost of One Unit of Foreign Currenqr Foreign Currency (Dollars) lJthuanian litas (LTL) 0.3666 Canadian dollar (CAD) 0.8493 Euro (EUR) 1.3288 Mexican peso (WM) 0.8889 United Kingdom pound (GBP) 1.8965 Suppose that on August 14, 2818, an antique woven mg handmade in Germany is priced at EUR 3'60. The approximate U.S. dollar price of the rug would be v . If the exchange rate for the U.S. dollareuro falls from $13288 to $0.9966 per euro, the U.S. dollar v in value, or v relative to the euro. Select the correct term for each of the following definitions. Definition Term A tax on an import The ability of a country to produce a good at a lower opportunity cost than another country The ability of a country to produce a good using fewer resources than another country A limit on the quantity of a good that may be imported in a given time period Select the correct acronym for each trade agreement or organization as follows. Description Trade Agreement or Organization An organization of 21 Pacific Rim nations subject to a nonbinding agreement to reduce trade barriers between members An organization of 164 member states that oversees international trade agreements and rules on trade disputes The agreement to end the tariff wars among industrialized nations, signed in 1947The following questions focus on the exchange rate between the Malaysian ringgit and the Mexican peso. Assume the exchange rate is flexible. The exchange rate is defined as the number of ringgit you must pay for one peso. Suppose an economic downturn in Mexico causes Mexican incomes to decrease, while Malaysian incomes remain unchanged. Shift the appropriate curve or curves on the following graph to illustrate how this affects the market for Mexican pesos if all other things remain equal. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. Supply of Pesos Demand for Pesos Supply of Pesos PRICE (Ringgit per peso) Demand for Pesos QUANTITY OF PESOS The decrease in Mexican incomes causes the Mexican peso to relative to the Malaysian ringgit and causes the Malaysian ringgit to relative to the Mexican peso. Suppose the price level in Malaysia rises by 10%, while the price level in Mexico remains the same. That is, the inflation rate in Malaysia is higher than in Mexico. Drag the appropriate curve or curves on the following graph to ilustrate how this affects the market for Mexican pesos. (? O Supply of Pesos Demand for Pesos O Supply of Pesos PRICE (Ringgit per peso) Demand for Pesos QUANTITY OF PESOS Suppose the real interest rates in Malaysia and Mexico are initially the same. Then the real interest rate in Malaysia rises, while the real interest rate in Mexico remains the same. This will cause the supply of pesos to and the demand for pesos to , which causes the Malaysian ringgit to relative to the Mexican peso