If the inflation rate in Japan is higher than the inflation rate in the United States
A) there will be an increase in U.S. imports from Japan.
B) there will be an increase in Japanese exports to the United States.
C) there will be no change is U.S. imports from Japan.
D) there will be a decrease in U.S. imports from Japan.
D
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Much of the research on game theory in recent decades was driven by attempts to analyze actions of players during
a. the Great Depression of the 1930s. b. World War II. c. the Cold War between the United States and the Soviet Union. d. the ascendancy of the conservative movement in the United States in the 1970s and 1980s.
A point inside a production possibilities curve indicates
A) resources are not being used efficiently. B) resources are being used very efficiently. C) opportunity costs are constant. D) an output combination that is unobtainable with the current resource and technology levels