If the dollar price of one yen is $.04, a Japanese good priced at 560 yen would cost an American:
A. $22.40.
B. $2,240.
C. $14,000.
D. $2.40.
A. $22.40.
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An inferior good is
a. any good of low quality b. one that consumers buy less of as the price rises c. one that consumers buy less of as their income rises d. one that has few substitutes e. any good made with inexpensive labor
Spending on goods and services by all levels of government in the U.S. combined is smaller than investment spending but larger than consumption
a. True b. False Indicate whether the statement is true or false
Inventory investment can be:
A. zero only. B. negative, zero, or positive. C. negative only. D. positive only.
All else equal, an easy money policy in the United States tends to
A. increase American imports. B. increase the international value of the dollar. C. reduce the foreign demand for American dollars. D. increase an existing American trade deficit.