Order the answer to: Assume that American rice sells for $100 per bushel, Japanese

Academic Help business economics Order the answer to: Assume that American rice sells for $100 per bushel, Japanese

business economics

Order the answer to: Assume that American rice sells for $100 per bushel, Japanese

Question Assume that American rice sells for $100 per bushel, Japanese rice sells for 16,000 yen per bushel, and the nominal is 80 yen per dollar. a. Explain how you could make a profit from this situation. What would be your profit per bushel of rice? If other people exploit the same opportunity, what would happen to the price of rice in Japan and the price of rice in the United States? b. Suppose that rice is the only commodity in the world. What would happen to the real between the United States and Japan?
Subject business economics
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