Analyze the concept of exchange rate: Explain how the dollar price of euros is determined. Identi…

Analyze the concept of exchange rate:

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Explain how the dollar price of euros is determined.

Identify a factor that can increase the dollar price of
euros.

Identify a factor that can decrease the dollar price of
euros.

Explain why a rise in the dollar price of euros means a fall in
the euro price of dollars.

Explain the purchasing-power-parity theory of exchange rates,
using the euro-dollar exchange rate as an example.

Explain why a quota is more detrimental to an economy than a
tariff that results in the same level of imports as the quota.

What is the net outcome of either tariffs or quota for the world
economy?