An increase in the equilibrium price of Japanese yen per dollar could be caused by a(n):
a. increase in the general level of prices in Japan.
b. increase in the U.S. demand for domestically-built automobiles.
c. decrease in the U.S. income relative to the income in Japan.
d. increase in the supply of dollars on the foreign market.
d
You might also like to view...
Which of the following equations describes government saving?
A) T - TR - INT - G B) T - TR - INT + G C) T - TR + INT - G D) T - TR + INT + G
Suppose the figure below illustrates the demand curve facing a monopolist. If the monopolist decreases its price from $12 to $10, its total revenue will ________.
A. decrease by $600 B. decrease by $1000 C. increase by $600 D. increase by $1000
Two major exports for the United States are
A) clothing and office machines. B) soybeans and scientific instruments. C) footwear and fish. D) coffee and diamonds. E) none of the above
Refer to the tables. Suppose that Duckistan and Herbania are each producing 14 units of civilian goods and 2 units of military goods. Then:
A. Duckistan is fully employing its resources, but Herbania is not.
B. both Duckistan and Herbania are fully employing their resources.
C. Herbania is fully employing its resources, but Duckistan is not.
D. neither Duckistan nor Herbania is fully employing its resources.