As the U.S. dollar appreciates and the Japanese yen depreciates,
A) U.S.-produced goods become more expensive for the Japanese and Japanese-produced goods become cheaper for Americans.
B) U.S.-produced goods become cheaper for the Japanese and Japanese-produced goods become more expensive for Americans.
C) U.S.-produced goods become cheaper for both the Japanese and Americans.
D) Japanese-produced goods become more expensive for both the Japanese and Americans.
E) none of the above
A
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Which statement is true?
A. it is easier to attain full employment than full production. B. employment discrimination no longer exists in the U.S. labor market. C. The United States is usually operating on the production possibilities frontier. D. None of these statements are true.
Are checkable deposits really money?
A) No, because they are only commercial bank liabilities, not government liabilities. B) No, because they are ultimately only entries in the balance sheets of commercial banks. C) Yes, because they can be converted on demand into currency or coin. D) Yes, because they can be used to make purchases and pay debts.
Which of the following is one of the BRIC nations?
A) Indonesia B) Bangledesh C) Chile D) Belgium E) Russia
For the additive social welfare function to yield results, we must assume
A. individuals have identical utility functions. B. individuals' utility functions have diminishing marginal utility of income. C. the total amount of income available is fixed. D. all of these answer options are correct.