A decrease in the supply of dollars and a decrease in the demand for Japanese yen
A. increases the yen price of dollars.
B. increases the value of the yen.
C. does not change the exchange rate between dollars and yen.
D. increases the value of the dollar.
Answer: D
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What will be an ideal response?
The length of the short-run is the same for all firms
Indicate whether the statement is true or false
The dictator of Turan has recently begun to arbitrarily seize farms belonging to his political opponents, and he has given the farms to his friends. His friends don't know much about farming. The courts in Turan have ruled that the seizures are illegal, but the dictator has ignored the rulings. Other things equal, we would expect that the growth rate in Turan will
a. fall temporarily, but will return to where it was when the new owners learn how to farm. b. increase because the total amount of human capital in the country will increase as the new owners learn how to farm. c. fall and remain lower for a long time. d. not be affected unless widespread civil disorder or civil war results.
Based on the graphs showing price discrimination in movie ticket prices, if the theatre charges $9 per ticket at the evening show, ______.
a. it will maximize profits
b. MR will be greater than MC
c. MR will be less than MC
d. it will sell too few tickets