FutureForm, a U

question 101

Multiple Choice

FutureForm, a U.S. company, imports microprocessors from Japan. The company must pay in yen to the Japanese supplier within 30 days. In a particular exchange, the company must pay the Japanese supplier ¥150,000 for each microprocessor at the current dollar/yen spot exchange rate of $1 = ¥110. FutureForm intends to resell the microprocessors the day they arrive for $1,600 each but it does not have the funds to pay the Japanese supplier until these have been sold. What will happen if the exchange rate after 30 days is $1 = ¥90?

• A) The importer will earn a profit of approximately $236 per microprocessor.
• B) The importer will earn a profit of approximately $67 per microprocessor.
• C) The importer will incur a loss of approximately $236 per microprocessor.
• D) The importer will incur a loss of approximately $67 per microprocessor.
• E) The importer will incur a loss of approximately $90 per microprocessor.

Interpret economic data and decision-making in government and public administration contexts.

Comprehend the approaches to valuing human life from an economic perspective.

Identify the characteristics of goods in terms of their excludability and rivalrousness in consumption.

Understand the concepts of externalities and public goods, including the free-rider problem.

---

Definitions:

Copy Constructor

In object-oriented programming, a constructor that sets up a new object by copying values from another object of the identical class.

Book Class

Represents a blueprint for creating instances or objects related to books in object-oriented programming.

Accessor Methods

Methods in object-oriented programming that are used to get or retrieve the value of an object’s attributes.

Mutator Methods

Methods used to modify or manipulate the state of an object, typically by setting the value of its instance variables.