Was it good or bad news for european consumers buying goods

Assignment Help Microeconomics
Reference no: EM131022867

When the euro was introduced in January 1999, the exchange rate was $1.19 per euro. In September 2013, the exchange rate was $1.35 per euro. Was this change in the dollar-euro exchange rate good news or bad news for U.S. firms exporting goods and services to Europe? Was it good news or bad news for European consumers buying goods and services imported from the United States? Briefly explain.

Reference no: EM131022867

Questions Cloud

Negative balance in retained earnings : A small biotechnology research corporation has been experiencing losses for the first three years of its existence, and thus has a negative balance in retained earnings. The corporation’s stock price, however, is $1 per share. The required return on ..
Problem regarding the accounting regulation : The US, UK, France and Germany have evolved different answers to the question as to which business enterprises should be subject to accounting regulation. Which country, in your opinion, has got it ‘right'?
What special issues of confidentiality may arise in the case : As a service provider, with what ethical issues and practices related to state insurance laws and managed care must she be familiar?
Plans to start saving for retirement : Jayadev Athreya has started on his first job. He plans to start saving for retirement early. He will invest $5,000 at the end of each year for the next 45 years in a fund that will earn a return of 10 percent. How much will Jayadev have at the end of..
Was it good or bad news for european consumers buying goods : In September 2013, the exchange rate was $1.35 per euro. Was this change in the dollar-euro exchange rate good news or bad news for U.S. firms exporting goods and services to Europe? Was it good news or bad news for European consumers buying goods..
What must the coupon rate be on the bonds : Essary Enterprises has bonds on the market making annual payments, with eleven years to maturity, a par value of $1,000, and selling for $982. At this price, the bonds yield 7.6 percent. What must the coupon rate be on the bonds?
How much long-term debt does the firm have : Teakap, Inc., has current assets of $ 1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. How much long-term..
How frequently do dividend paying firms : How frequently do dividend-paying firms in the U.S. generally pay regular cash dividends?AnnuallySemiannuallyQuarterlyMonthlyBiannually
Ideas to discuss in exercise are why did revel go bankrupt : Please discuss Revel casino that was built in Atlantic City, New Jersey and then shortly thereafter became bankrupt. A Toronto based company purchased Revel for five cents on the dollar. The class discussion is centering on what exactly went wrong fo..

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Development firm has bought a new laboratory equipment

The Smith and Jones Research and Development firm has bought a new laboratory equipment (MACRS-GDS 3-year property class) to be used in a research project that will last 3 years.

  Explain decline in the cost of a unit of capital

What will be the scale effect of this change on use of capital and labor and why? How would this be shown on an isoquant diagram? ( a diagram isnt needed here either.)What will be the net or total effect of this decline in the cost of capital on th..

  What makes china and india so competitive in global market

Trade is behind China and India's spectacular growth for the past two decades. What makes China and India so competitive in the global market. How will the world adapt to China and India

  For every penny that the price of gasoline goes up the us

for every penny that the price of gasoline goes up the u.s postal usps service experiences a monthly fuel cost increase

  Llp has provided bookkeeping services to xyz

AccountantsWeBe, LLP has provided bookkeeping services to XYZ, Inc. for the past five years. Recently XYZ's bank told XYZ that they need financial statements with "assurance". Which of the following reports would AccountantsWeBe be able to issue?

  Critically analyze the pros and cons of putting a price

Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from the chapter in this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer.

  The city government is considering two tax proposals

Which of the following curves—average fixed cost, average variable cost, average total cost, and marginal cost—would shift as a result of the lump-sum tax? Why? Show this in a graph. Label the graph as precisely as possible.

  What if interest rate is initially below its long-run level

Imagine that the central bank of an economy with unemployment doubles its money supply. What if (as is more likely) the interest rate is initially below its long-run level?

  Why in the long run an increase in the saving rate raises

Why in the long run an increase in the saving rate raises productivity but its growth rate is unchanged?

  Analyze the potential downfalls of any team effort

Describe a company you would like to start and determine which form of ownership would be most appropriate given your current financial status. Explain your rationale.

  Who can produce any linear combination of chickens

Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes

  Consider three advanced market capitalism economies

Consider three advanced market capitalism economies

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd