Question 2, subparts d-f AGRICULTURAL ECONOMICS 452.501/502INTERNATIONAL TRADE AND AGRICULTUREFALL 2021Homework Assignment 5Thomas-WinstonDue: November 231. The U.S. price of corn is $100 per ton, and the exchange rate between the U.S.dollarand the Japanese yen is ¥120 = $1.00.a) Calculate the international price of U.S. corn for Japan.b) If the exchange rate changes to ¥145 = $1.00, calculate the new international corn pricefor Japan.Suppose the cost of purchasing euros (EUR) and Canadian dollars (CAD) at theairport aregiven by the following bid / ask price:a) EUR 1 = USD 1.16/1.22b) CAD 1 = USD 0.81/0.932.a) How much USD is required to purchase EUR 2,000?b) How much USD is required to purchase CAD 1,500?c) How much USD will you get if you'd like to sell EUR 500 to the airport's currencyexchange store?d) How much USD will you get if you'd like to sell CAD 500 to the airport's currencyexchange store?e) Calculate the percent spread or margin for USDEUR.f) Calculate the percent spread or margin for USDCAD.3. Using the data provided in the excel sheet, complete the following using R(pleaseinclude your codes):a) On one graph, plot a line graph of the trade balance (goods) and the trade balance(goods and services) using R. Label your axes, insert a title, and summarize this plot.b) Calculate the mean, standard deviation, and range for the trade balance (goods andservices) as a percent of GDP using R.Ptv

Answer 2.) A. Amount of US required = 2000 × 1.22 = 2440 B. Amount of USD required = 1500 × 0.93…

Answered: Question 2, subparts d-f

Business

Economics

Question 2, subparts d-f

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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