If the dollar appreciates relative to the yen
A. there is no reason to expect either appreciation or depreciation of the yen.
B. the yen must depreciate relative to the dollar.
C. the yen may also appreciated in value.
D. the yen will appreciate only if U.S. exports to Japan exceed U.S. imports from Japan.
B. the yen must depreciate relative to the dollar.
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A patent is
A) an agreement between a union and management on certain labor issues. B) a bond issued by the government. C) the monopoly right given to a producer/company. D) a bond issued by a state.
During which of the following periods was growth in GDP per capita the strongest?
A) prior to 500 A.D. B) 500 A.D. to 1800 A.D. C) 1800-1900 A.D. D) 1900-2000 A.D.
As a percentage of GDP, all of the following federal government expenditures are expected to increase from 2012 to 2042 except
A) Social Security. B) Medicare and Medicaid. C) the net interest on the federal debt. D) national defense.
If resources and goods are free to move across states and if Oregon producers choose to specialize in producing honey while California producers choose to specialize in growing almonds, then we could reasonable conclude that:
a. California has a comparative advantage in producing almonds b. Oregon has a comparative advantage in producing honey. c. the opportunity cost of growing almonds is lower in California than in Oregon. d. all of the above are true.