Holding other things constant, if the Japanese Yen, depreciates, it makes the Japanese products
a. Less attractive to US customers
b. More attractive to US customers
c. Neither more nor less attractive to US customers
d. None of the above
b
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Economists will often argue that an individual trade barrier designed to help a particular industry will work even though on net it won't help the economy as a whole. Explain what this means
What will be an ideal response?
There is an influenza epidemic at Sally's office. If she got the flu shot this winter, how does this affect her decision of going to work or working from home?
a. She would choose to work from home since the marginal cost of going to the office is high b. She would choose to go to work since the marginal benefit of working from home is too low c. She would stay home since the marginal cost of going to work so is too low d. She would stay home-who wants to go to work