Who benefits when the exchange rate of Japanese yen per dollar increases?
a. Japanese exporters
b. Japanese tourists
c. Japanese importers
d. American exporters
e. Japanese students in the U.S. whose source of income is money sent to them from Japan.
A
Economics
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By "specialization" economists mean a situation where
A) individuals produce the goods or services for which they have relatively the best ability. B) goods are traded directly for goods and money is not used. C) individuals who produce goods do not also produce services and individuals who produce services do not also produce goods. D) individuals are assigned to occupations on the basis of tests that gauge their relative abilities.
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