Suppose the euro—yen exchange rate falls while the dollar—yen exchange rate rises. What happens to the price of goods imported into Japan?
A) European goods become more expensive while U.S. goods become cheaper.
B) European goods become cheaper while U.S. goods become more expensive.
C) Both European and U.S. goods become more expensive.
D) Both European and U.S. goods become cheaper.
A
Economics
You might also like to view...
An economic system is the set of rules that define _______ and _______.
A) resources; prices B) who gets to vote; when elections will be held C) market prices; factors of production D) how an economy's resources are to be owned; how decisions about the resources are to be made
Economics
Which of the following would be an example of a fixed cost?
A) the electric and gas bills B) wages paid to temporary workers C) property insurance premiums D) expenditures on imported raw materials
Economics