Suppose a Nintendo Wii has a price of 24,000 yen in Japan and the yen-dollar exchange rate changes from 80 yen to the dollar to 100 yen to the dollar? What happens to the price of the Wii measured in dollars?
What will be an ideal response?
At 80 yen = $1, the dollar price of the Wii is $300 while at 100 yen = $1, the dollar price of the Wii is $240.
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Suppose that average labor productivity in Country C is $5,000, and that Countries C and E have the same real GDP per capita. Based on the information in the table, what must be the average labor productivity in Country E?CountryPopulation (millions)Share of Population Employed (%)A10060B15055C7550D25045E9540
A. $1,500 B. $6,250 C. $4,500 D. $1,000
What is venture capital?
What will be an ideal response?
________ in the expected future domestic exchange rate causes the demand for domestic assets to increase and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
The unemployment rate:
A. is measured by the number of people who are unemployed divided by the labor force. B. is never zero. C. measures what percentage of our labor force is currently looking for a job and can't find one. D. All of these are true.