In the dollar-yen foreign exchange market, if Japanese companies sharply increase their importation of U.S. products, then the:
A. Supply of yen will decrease and the yen will appreciate
B. Supply of yen will increase and the yen will depreciate
C. Demand for yen will increase and the yen will appreciate
D. Demand yen will decrease and the yen will depreciate
B. Supply of yen will increase and the yen will depreciate
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A barrier to entry is
A) the economic term for diseconomies of scale. B) illegal in most markets. C) anything that protects a firm from the arrival of new competitors. D) a factor that increases competition because firms must continue to operate in the market in which they were founded. E) the same as rent seeking.
The method of estimating long-run costs in which knowledgeable professionals familiar with production facilities and processes calculate optimal combination of inputs to produce given quantities and then estimate costs is known as
A) engineering cost estimating. B) the survivorship method. C) regression analysis. D) None of the above