Why does the demand curve for Japanese yen slope down?
What will be an ideal response?
The demand for Japanese yen is derived from the demand for Japanese goods and services. The lower the price of the yen, the more Japanese goods and services that U.S. residents will desire to import. So, the quantity of Japanese yen demanded will increase as the price of the yen falls.
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In terms of framing, we respond better to:
A. positive framing. B. consistent framing. C. neither; research has shown that framing ultimately doesn't matter. D. negative framing.
Why were many loans in the early 2000s referred to as subprime?
a. The interest rate on them was lower than the prime rate. b. The borrowers who used them had less than prime credit. c. The houses they were used to buy cost less than prime real estate. d. The loan officers who made them received less than a prime commission.
In a market for apples, a consumer purchases 30 pounds when the price of apples is $1 per pound and the consumer's income is $5,000 per month
When the price of apples increases to $2 per pound, without any change in the consumer's income, he decides to purchase only 15 pounds of apples. Suppose, after a given period of time, the consumer's income falls to $3,000 per month. His consumption of apples also decreases to 10 pounds. Using a graph, illustrate the difference between change in quantity demanded and the change in demand for apples.
Goods and services produced in the United States and sold in other countries are called
A) consumption goods and services. B) capital goods. C) government goods and services. D) export goods and services. E) import goods and services.