The decrease in the value of the dollar relative to the Japanese yen
A. increased the yen price paid and decreased the dollar price received from U.S. goods exported to Japan.
B. decreased both the yen price paid and the dollar price received from U.S. goods exported to Japan.
C. increased both the yen price paid and the dollar price received from U.S. goods exported to Japan.
D. decreased the yen price paid and increased the dollar price received from U.S. goods exported to Japan.
B. decreased both the yen price paid and the dollar price received from U.S. goods exported to Japan.
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In trade, if—due to technology—a nation can produce a good (such as Germany's production of snowboards) with fewest resources, it is known as a(n):
a. absolute advantage. b. technology advantage. c. comparative advantage. d. resource advantage.
The sum of the marginal propensity to consume and the marginal propensity to save is always equal to
A) zero. B) 0.5. C) 1. D) 100.