An increase in the U.S. demand for Japanese yen causes
A. a decrease in the supply of yens.
B. an increase in the yen price of a dollar.
C. an increase in the dollar price of a yen.
D. an increase in the demand for U.S. goods.
Answer: C
You might also like to view...
Why does adverse selection occur in the health insurance market?
What will be an ideal response?
Total surplus is
A. the sum of consumer’s surplus plus producer’s surplus. B. the consumer’s surplus minus the producer’s surplus. C. the product price minus the sum of consumer’s surplus and producer’s surplus. D. consumer surplus minus marginal utility of the produce.
Cost-push inflation is most likely to occur during a period of
a. falling input costs b. falling unemployment c. rising input costs d. military expansion e. military contraction
In the Cournot model,
A. each firm takes the quantities produced by its rivals as given. B. one firm plays a leadership role and its rivals merely follow. C. prices are higher and quantities are slightly less than we would see if the firms colluded. D. each firm takes the prices charged by its rivals as given.