Question: Using exchange rates, it is possible to compare prices in different nations. If an iPad costs $360 in the United States and (450 in France,

Using exchange rates, it is possible to compare prices in different nations. If an iPad costs $360 in the United States and (450

in France, in which nation would you get the better deal when

the dollar-euro exchange rate is $1.60/E? O The iPad would be cheaper

Using exchange rates, it is possible to compare prices in different nations. If an iPad costs $360 in the United States and (450 in France, in which nation would you get the better deal when the dollar-euro exchange rate is $1.60/E? O The iPad would be cheaper in the United States. The iPad would cost the same in both countries. O The iPad would be cheaper in France.Suppose 70% of U.S. trade is with England and the rest is with Japan. If the dollar appreciates by 10% against the pound and depreciates by 20% against the yen, what is the percentage change in the effective exchange rate of the United States? O -1% O -17% O 4% O +11%

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