The Japanese demand curve for dollars is downward-sloping because a:
a. higher number of yen per dollar means U.S. goods are cheaper in Japan.
b. lower number of yen per dollar means U.S. goods are cheaper in Japan.
c. lower number of yen per dollar means U.S. goods are more expensive in Japan.
d. lower number of yen per dollar means U.S. goods are less expensive in the U.S.
b
You might also like to view...
The law of diminishing marginal returns states
A) that at some point, adding more of a variable input to a given amount of a fixed input will cause the marginal product of the variable input to decline. B) that at some point, adding more of a fixed input to a given amount of variable inputs will cause the marginal product of the variable input to decline. C) that in the presence of a fixed factor, at some point average product of labor starts to fall as more and more variable inputs are added. D) average total costs of production initially fall and after some point starts to rise at a decreasing rate as output increases.
Difference in wages can be explained by differences in
a. job characteristics and worker characteristics. b. job characteristics but not worker characteristics. c. worker characteristics but not job characteristics. d. neither worker characteristics or job characteristics.
Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can employ the same amount of its resources to produce either 20 airplanes or 10 automobiles. The U.S. should specialize in:
a. neither good. b. automobiles. c. airplanes. d. both goods.
________ wages are wages paid by employers to increase worker motivation and productivity
A) Real B) Nominal C) Minimum D) Efficiency