If the Bank of Japan buys yen to prevent the yen from appreciating,
a. it is probably also trying to profit from that operation
b. it is probably also trying to maintain an interest rate target
c. it is engaging in bilateral arbitrage
d. it is engaging in a managed float
e. it is wasting its time and effort
D
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Your best friend calls and gives you the latest stock market "hot tip" that he heard at the health club. Should you act on this information? Why or why not?
What will be an ideal response?
If supply increases, then:
A. the quantity demanded will increase. B. price will increase. C. demand will increase. D. the quantity demanded will decrease.
The U.S. sugar program:
A. decreases the domestic price of sugar. B. requires import quotas or tariffs on foreign sugar. C. increases the export earnings of other sugar-producing countries. D. aids developing countries that produce sugar.
Which statement is true?
A. D1 is more elastic than D2.
B. D2 is more elastic than D1.
C. D1 and D2 have the same elasticity.
D. There is no way to determine the relative elasticities of D1 and D2.