If the dollar depreciated relative to the yen, it would be expected that
A. the Japanese trade surplus with the U.S. would be increased (or the trade deficit would be reduced).
B. Japanese imports from the United States would decrease.
C. Japanese exports to the United States would decrease.
D. All of the choices are true.
C. Japanese exports to the United States would decrease.
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One generally recognized positive effect of illegal immigrants is:
A. Lower costs of products and thus lower prices for consumers B. Higher demand for social services C. Reduced average wage rates for workers in some sectors D. Positive effects on national defense
Under a floating exchange-rate regime, the domestic currency will normally depreciate if the money supply
A. contracts. B. is managed to keep the country's inflation rate steady. C. expands. D. does not change with the change in the exchange rates.
Which of the following is a possible benefit of labor unions?
A. They may help firms to retain a more experienced workforce. B. They may help firms reduce training costs of new employees. C. They may facilitate communications between workers and managers. D. All of these
You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time
A. is zero. B. is the value of the alternative use of the time you spend playing the game. C. is one-half the cost of the game, as this is the second time you have played it. D. cannot be calculated.