When Americans increase their demand for Japanese goods,
A) the supply of dollars will fall, and the demand for yen will fall.
B) the supply of dollars will rise, and the demand for yen will rise.
C) the demand for dollars will fall, and the demand for yen will rise.
D) the demand for dollars will rise, and the demand for yen will rise.
B
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Up to which point will a perfectly competitive firm continue to invest? Explain carefully
What will be an ideal response?
Which of the following about economic growth is true?
a. The fastest growing economies in the world are mostly less developed countries. b. The fastest growing economies in the world (those with annual real growth rates of 3.5 percent or more) are mostly high-income industrial countries. c. The slowest growing countries in the world, many of which are experiencing declines in per capita GDP, are less developed countries. d. Both a and c are true.
Figure 3-1
Which of the following is true regarding the market for steak shown in ?
a.
If the price of steak were $2 per pound, producers would want to supply less steak than consumers would want to buy.
b.
If the price of steak were $4 per pound, producers would want to supply more steak than consumers would want to buy.
c.
If the price of steak were $3 per pound, producers would want to supply the same amount of steak that consumers would want to buy.
d.
All of the above are true regarding the market for steak shown in the figure.
The cross-trade of very similar products exported and imported by trading partners seems to contradict which of the following model(s)?
a. Ricardian b. Heckscher-Ohlin c. specific-factors d. It contradicts all of these models.