Refer to the scenario above. What is the present value of the gift voucher for Jim?

An appreciating yen makes Japanese products

A) more expensive in both foreign markets and the Japanese market. B) more expensive in foreign markets. C) more expensive in the Japanese market. D) less expensive in foreign markets.

When economists say the demand for a product has increased, they mean the:

a. demand curve has shifted to the right. b. price of the product has fallen, and consequently, consumers are buying more of it. c. cost of producing the product has risen. d. amount of the product that consumers are willing to purchase at various prices has decreased.