Despite its status as one of the richest countries in the world, Japan
a. has a very low level of productivity.
b. has few natural resources.
c. has very little human capital.
d. engages in a relatively small amount of international trade.
b
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As a result of firms leaving the perfectly competitive frozen yogurt market in the early 2000s, the market
A) supply curve shifted leftward. B) supply curve did not change. C) demand curve shifted rightward. D) supply curve shifted rightward. E) demand curve shifted leftward.
One of the disadvantages of a fixed exchange rate system is: a. too much stability in exchange rates
b. import and export industries forego the benefits of highly variable exchange rates. c. that to maintain fixed exchange rates, nations must give up control of their monetary policies. d. None of the above are disadvantages of a fixed exchange rate system.
If a decrease in the price of good X results in a decrease in the quantity of Y demanded,
A. good X and good Y are substitutes. B. good X and good Y are complements. C. the cross-price elasticity of demand for good Y is negative. D. There is not sufficient information to determine the relationship between good X and good Y.
When checks are exchanged between banks, the Fed oversees the banks to ensure the appropriate funds have been transferred. This is known as
A. check floating. B. check kiting. C. check clearing. D. check balancing.