If the average income per U.S. worker decreases while that of Japanese workers remains unchanged, then the demand curve for Japanese yen will shift __________, which will cause the equilibrium exchange rate of the dollar price per yen to __________, which is the same thing as saying that the dollar will __________
A) rightward; rise; appreciate
B) leftward; fall; appreciate
C) rightward; rise; depreciate
D) leftward; fall; depreciate
E) rightward; fall; depreciate
B
You might also like to view...
One economic advantage of a large share of exports in GDP is that countries
A) can reduce their budget deficits. B) can purchase the imports they need. C) can maintain lower rates of unemployment. D) will have greater equality in their incomes. E) develop more labor-intensive industry.
"He who pays a tax should receive the benefit from the expenditure financed by the tax." This statement reflects which of the following principles for a tax?
a. Fairness of contribution. b. Ability-to-pay. c. Benefits-received. d. Inexperience-to-collect.
In the context of an ultimatum game, the first player proposes a split of $100 to a second player. The second player can either accept the split or both players receive $0 . A rational second player will accept any offer a. greater than $0
b. equal to $50. c. greater than $50. d. that she thinks is fair.
If a company reports that it is going to have a difficult time meeting its debt obligations, you would expect the Ptoday: Ptoday = 
A. to remain about the same until the Dtoday actually changes. B. to fall since the risk premium will likely rise. C. to fall since the risk-free return will rise. D. to rise since the Dtoday will likely fall.