In the 1980s, Japan had a significant trade surplus. The G-7 nations wanted Japan to reduce its trade surplus, and therefore they pressured the Japanese government to:
A. devalue the yen.
B. keep the yen fixed.
C. control inflation.
D. strengthen the yen.
Answer: D
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Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080Who should specialize in knitting sweaters?
A. Alexandra B. Natalia C. Both Natalia and Alexandra D. Neither Natalia nor Alexandra
Think about the following news items and label each as involving a what, how, or for whom question:
What will be an ideal response?
Ceteris paribus, how does an expansion in the United States affect U.S. net exports?
What will be an ideal response?
A deficit-financed tax cut will ____ national savings and _____ private consumption
a. have no effect on; increase b. increase; decrease c. decrease; decrease d. decrease; increase