The Japanese yen will appreciate against the dollar if
A. U.S. residents demand fewer Japanese goods.
B. U.S. residents demand more Japanese goods.
C. Japanese residents demand more U.S. goods.
D. none of these.
Answer: B
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Refer to the scenario above. The real GDP of the country in Year 2 was ________
A) $32,000,000 B) $1,420,000 C) $240,000 D) $1,680,000
Suppose Mary is willing to pay up to $15,000 for a used Ford pick-up truck. If she buys one for $12,000, her ________ would be ________.
A. economic surplus; $12,000 B. benefit; $12,000 C. economic surplus; $3,000 D. cost; $15,000
How much is the output gap if short-run output is $20.0 trillion and potential output is $20.0 trillion?
What will be an ideal response?
In the short run, the ATC curve and the AFC curve for information products are
A. downward sloping. B. horizontal. C. vertical. D. upward sloping.