What action did many Japanese car manufacturers take in response to the stronger yen following the 2007-2009 financial crisis?
A) They only accepted payments in the form of yen.
B) They chose to target China as the primary market for exports.
C) They abandoned the market in the United States.
D) They moved their production to the United States.
D
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Improving agriculture's terms of trade involves
a. increasing the amount of goods available to farmers b. increasing the number of markets in which farmers can sell c. increasing the amount of credit available to farmers d. increasing the relative price of agricultural goods compared to manufactured goods e. none of the above
In a world of rational expectations,
A) an anticipated increase in money supply leads immediately to higher nominal interest rates. B) an anticipated increase in money supply leads immediately to lower nominal interest rates. C) an unanticipated increase in money supply leads immediately to higher nominal interest rates. D) an unanticipated decrease in money supply leads immediately to lower nominal interest rates.
Nations that borrow from abroad to support current investment will:
A. always be better off in the future. B. always sacrifice future consumption. C. be better off in the future if the investments are profitable. D. sacrifice future consumption only if the investments are profitable.
A politician states "taxes should be raised to provide more spending on school lunch programs." This is ____________
Fill in the blank(s) with the appropriate word(s).