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WCTC Micro-Economics Module 7 Written Assignmet: International Trade and Finance Name: Instructor: Competencies: Develop analyile skills central to coonomic thinking. . Apply supply and demand analysis to price determination - Evaluate government role in a market economy. -Identify interactions between domestic and global markets. - Integrate economic models with real world applications 1. Draw and label a supply and demand graph for the Euro priced in U.S. Dollars clearly showing the exchange rates. a. Add a demand and a supply curve showing the Euro becoming weaker. b. What could cause this change in demand to make the Euro become weaker? c. What could cause this change in supply to make the Euro become weaker? 2. Explain the effects of the following change in the exchange rate: Originally the $1.50 = 1 Euro: now the $1.20 = I Euro Is the dollar becoming weaker or stronger? Calculate how this change affected the price of U.S. import and exports: A German camera that costs 200 Euros, what will it cost U.S. buyers in dollars? b. When the exchange rate is $1.50 - 1 Euro: dollars/cures (bold or circle one) When the exchange rate is $1.20 = 1 Euro: dollars/euros (bold or circle one) A U.S. computer that cost $600, what will it cost German buyers in Euros? d. When the exchange rate is $1.50 - 1 Euro: dollars/euros (bold or circle one) When the exchange rate is $1.20 - | Euro: dollars/curos (bold or circle one) f. From this change the quantity of U.S. imports will increase/decrease (bold or circle one) and exports will increase/decrease (bold or circle one)