Suppose the dollar depreciates from 89 Japanese yen to 79 Japanese yen. One would expect

A. U.S. imports to increase
B. U.S. exports to increase.
C. Japanese exports to increase.
D. Japanese net exports to increase.


Answer: B

Economics

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Consider a consumer who purchases two goods, X and Y. If the price of good Y falls, then the substitution effect by itself will

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Economics