Which of the following would cause the U.S. demand curve for Japanese yen to shift to the right?
a. An increase in the U.S. inflation rate compared to the rate in Japan.
b. A higher real rate of interest on investments in Japan than on investments in the United States.
c. The popularity of Japanese products increases in the United States.
d. All of these.
d
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What characterized the 1950–1962 economy (from the Korean War to the last year of John F. Kennedy's presidency)?
(a) Significant inflation (b) Deflation (c) High unemployment (d) Falling prices and wages
Prisoners Dilemma show
a. Rational choices lead to bad outcomes b. Rational choices lead to good outcomes c. That there are no ways to learn where the pitfalls lie d. None of the above
Which of the following scenarios fits these two graphs?
a. A farm continues to earn a profit as the market supply decreases, causing the market price to increase.
b. A farm’s economic profits return to zero as the market supply increases, causing the market price to decrease.
c. A farm’s profit plunges to a loss as the market supply decreases, causing the market price to increase.
d. A farm earns excess profits as the market supply increases, causing the market price to decrease.
Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. Figure 16.3Refer to Figure 16.3. At 15 units of output there are external ________ per unit.
A. costs of $6 B. costs of $0 C. benefits of $2 D. benefits of $8