Suppose that the Japanese yen appreciates significantly at some point, thus making Japanese imports more expensive. Japanese exporters may lower their profit margins to reduce the effect of the yen appreciation on U.S
importers, producing a phenomenon known as A) the J-curve.
B) the absorption effect.
C) pricing to market.
D) international reserves compliance.
C
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Public goods are
A. nondepleteable and nonexcludable. B. depleteable and excludable. C. nondepleteable but excludable. D. depleteable but nonexcludable.
?Which of the following is an advantage of panel data?
A. ?We can difference the dependent variable, y, across time for different cross-sectional units. B. ?We can add the dependent variable, y, across time for different cross-sectional units. C. ?We can difference the dependent variable, y, across time for the same cross-sectional units. D. ?We can add the dependent variable, y, across time for the same cross-sectional units.
Fire protection and police protection may be provided more efficiently by the private sector than by the public sector.
Answer the following statement true (T) or false (F)
Suppose a medical study reveals new benefits to consuming beef and at the same time a bumper corn crop reduces the cost of feeding steers. The equilibrium quantity of beef will Question 23 options:
A. stay the same. B. perhaps increase, decrease, or stay the same, but more information is needed to determine which it does. C. definitely either stay the same or decrease. D. decrease. E. increase.