1. If the FX rate between the U.S. dollar and the Japanese yen is 1:119, how many yen will it take to equal $20? 2. If the FX rate between the Japanese yen and the euro is 189.35:1, how many yen will...

1. If the FX rate between the U.S. dollar and the Japanese yen is 1:119, how many yen will it take to equal $20?

2. If the FX rate between the Japanese yen and the euro is 189.35:1, how many yen will equal 10 euros? 3-15. Explain competitive advantage with suitable examples.