An increase in the exchange rate value of the U.S. dollar, relative to the Japanese yen, will cause U.S. imports from Japan to
a. increase and exports to Japan to decrease.
b. increase and exports to Japan to increase.
c. decrease and exports to Japan to decrease.
d. decrease and exports to Japan to increase.
A
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Toyota purchases a truck factory in San Antonio, Texas. This purchase is entered into which of the balance of payment accounts?
A) capital and financial account B) current account C) foreign account D) official settlements account E) trade account
Which of the following is true?
A) Entrepreneurs generally save less of their income than other Americans. B) If you want to make a lot of money, you had better figure out how to provide others with substantial value and find ways to discover and act on strategic opportunities. C) Additional years of schooling will substantially increase your earnings even if they fail to increase your productivity and ability to provide others with things that they value. D) Most entrepreneurs work very few hours.
If North Korea is currently producing at efficiency, and it proceeds to increase the size of its military, then, as long as nothing else changes, its
A. Production of nonmilitary goods will decrease. B. Production possibilities curve will shift outward. C. Production of nonmilitary goods will increase. D. Production possibilities curve will shift inward.
A state tax assessed specifically on cigarettes is an example of
A. a consumption tax. B. an excise tax. C. a tariff. D. a social tax.