When numerous Japanese companies buy $100,000,000 worth of goods or services from U.S. producers, ceteris paribus, there will be
A) appreciation in the value of the yen against the dollar.
B) depreciation in the value of the yen against the dollar.
C) depreciation of the dollar against the yen.
D) no change in values of the currencies.
Answer: B
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Which of the following is true in the short run? a. MC = ATC at the lowest point of ATC
b. MC = AVC at the lowest point of AVC. c. When AVC is at its minimum point, ATC is falling. d. All of the above are true.
A country's level of well being is determined primarily by its level of
a. population growth. b. educational attainment. c. capital stock growth. d. natural resource growth.
Compared with France, who stayed in the ERM, what was the result of Britain's exit?
A) France's economy performed a bit better. B) Britain had an economic recession while France enjoyed an expansion. C) There was no significant difference. D) France had an economic recession while Britain enjoyed an expansion.
The market is where people __________________.
Fill in the blank(s) with the appropriate word(s).