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natita [175]
2 years ago
8

Consider a basket of consumer goods that costs $60 in the United States. The same basket of goods costs NOK 40 in Norway. Holdin

g constant the cost of the basket in each country, compute the real exchange rates that would result from the two nominal exchange rates in the following table.Cost of Basket in US (Dollars) Cost of Basket in Norway(Korner) Nominal Exchange rate (Korner per dollar) Real exchange rate(Basket of norwegian goods per basket) 60 40 3.00 _________ 60 40 2.00 _________
Business
1 answer:
Helen [10]2 years ago
7 0

Answer:

4.5 and 3

Explanation:

We know that

Real exchange rate = Nominal exchange rate × (Cost of the basket in US  ÷  Cost of the basket in  Norway)

So according to this formula, the computation is shown below

When the nominal exchange rate is 3, then the real exchange rate would be

= 3 × (60 ÷ 40)

= 4.5

When the nominal exchange rate is 2, then the real exchange rate would be

= 2 × (60 ÷ 40)

= 3

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Thad works for a small company as its marketing director. The company is creating a new product to introduce to the market for s
RideAnS [48]

The correct answer is; The place or distribution of the paint .

Further Explanation:

There are a total of four things that make up the marketing mix. They are known as the 4P's in business and they are very important for the businesses to follow. The four marketing mixes are;

  1. Price
  2. Product
  3. Promotion
  4. Place

Since Thad has already spoken to the customers and has gotten their feedback he will not need the promotion. He has the customers input on colors, names, and expectations. He has also decided on a price, so he doesn't need to focus on that point anymore. However, <em>he has not determined the place or the distribution of his paint. He will need to focus on the place he will sell his paint. </em>

Learn more about marketing mix at brainly.com/question/859394

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4 0
1 year ago
QUESTION 1
babunello [35]
1.) A
2.) True
3.) False
4.) C
5.) C
6.) True
7.) True
8.) C
9.) True
10.) True
5 0
1 year ago
Chuck Olson, age 16, buys a used car from Bobby Duncan Used Cars Center on September 15, 2006. Olson agrees to pay $200 a month
lukranit [14]

Answer:

Olson can successfully press charges and force Duncan to take care of the damages caused to the car ( D )

Explanation:

Chuck Olson age 16 ( a minor ) can successfully press charges and request/force Bobby Duncan used cars center to take care of the damages caused to the car. this is because according to traditional common laws a contract entered by a minor is considered null and void hence Olson can successfully disaffirm the contract and Bobby Duncan would have to accept the damages and take care of them.

A minor is not required by traditional common law to entered into any form of obligatory contract.

8 0
1 year ago
Washington Inc. issued $705,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $8,
Mashcka [7]

Answer:D.$14,100 gain

Explanation:

The par value of a bond is $100 when it's issued below the price it's issued at a discount which is a loss to the firm and when it's issued above the par value, it's issued at a premium which is a gain.

The issue of $705,000 means 7050 numbers were issued and retiring it $102 means at a premium of $2 per bond and a total of N14,100 gain.

7 0
1 year ago
Will choose brainliest!!
qaws [65]

Answer:

C) remained the same

Hope this helps

7 0
2 years ago
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