If a U.S. importer has to write a $200 check to cover a 20,000 yen purchase from Japan, the exchange rate is
A. 200 yen to a dollar.
B. 100 yen to a dollar.
C. 20 yen to a dollar.
D. 10 yen to a dollar.
B. 100 yen to a dollar.
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Which of the following steps does not belong to the sequence of events reflecting the finance of a large government budget deficit? a. The U.S. Treasury sells securities
b. The sale of securities drives up interest rates. c. Attracted by the high interest rates, foreigners purchase dollars in order to invest in the U.S. d. Greater demand for the dollar increases its value relative to other currencies. e. The rising value of the dollar leads to increased U.S. exports and reduced U.S. imports.
The task of economic regulation is to
a. protect monopoly profits. b. approximate the results of the competitive market. c. replace competition with government ownership. d. increase competition within the market.
Which of the following is an example of antitrust legislation?
a. a law that breaks up an oil monopoly b. a law that approves a subsidy for drug research c. a law that prevents price fixing in the CD industry d. a law that requires a construction firm to stop predatory pricing
Assume that U.S. imports remain constant while U.S. exports change, ceteris paribus. Which of the following statements is correct?
a. A decrease in U.S. exports increases U.S. net exports. b. An increase in U.S. exports shifts the aggregate demand curve rightward. c. An increase in U.S. exports decreases U.S. net exports. d. A decrease in U.S. exports shifts the aggregate demand curve rightward.