Suppose that you buy, and one year later sell, a foreign (british) under the following circumstances: when you buy the bond the exchange rate is $2.00 = pound1. you pay pound45 ($90.00) for the british bond. you sell the bond for pound50. no interest payment was expected or received. when you sell the bond, the exchange rate is $2.30 = pound1. what is your gain or loss in dollars? $ nothing. (round your response to the nearest penny and include a minus sign for a loss.)

The loss is - $25

Explanation:

The computation of the gain or loss is shown below:

= Paying cost - (Selling price × number of bonds)

= $90 - ($2.30 × 50)

= $90- $115

= - $25

We deduct the selling cost from the paying cost to determine the actual value of loss or gain.

The negative amount represents the loss, and if the positive amount comes then it reflects the gain.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a