What action did many Japanese car manufacturers take in response to the stronger yen following the 2007-2009 financial crisis?
A) They only accepted payments in the form of yen.
B) They chose to target China as the primary market for exports.
C) They abandoned the market in the United States.
D) They moved their production to the United States.
D
Economics
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Horizontal and vertical demand curves
A) have constant elasticities. B) are not possible in the real world. C) have elasticities that change with price. D) cannot have their elasticities computed using the point method.
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When economies of scale exist:
a. per unit production costs increase as output expands b. per unit production costs decline as output expands. c. marginal cost must decrease as output expands. d. per unit production costs remain constant as output expands.
Economics