When a Japanese resident buys a good or service from a U.S. producer, there is a(n)
A. decrease in the demand for yen in the foreign exchange market.
B. decrease in the supply of yen in the foreign exchange market.
C. increase in the demand for yen in the foreign exchange market.
D. increase in the supply of yen in the foreign exchange market.
Answer: D
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In the national income accounting identity Q = C + S + T, T stands for
A) taxes. B) transfers. C) taxes minus transfers. D) taxes plus transfers.
Which of the following is not a source of inequality in incomes?
a. redistribution of income b. differences in intensity of work c. differences in ability d. risk taking
Which of the following is true?
a. Healthcare in Canada and most of the European countries is a socialized industry. b. Socialization of the healthcare industry eliminates the problem of scarcity in the healthcare industry. c. The high-income countries of Europe are able to provide as much healthcare, free of charge, as their citizens want. d. All of the above are true.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.