Suppose a U.S.-made machine costs $500 and the exchange rate is 100 yen = $1. Now the exchange rate changes to 90 yen = $1. Then the machine would now cost
A. more dollars.
B. the Japanese citizen less yen.
C. fewer dollars.
D. the Japanese citizen more yen.
Answer: B
Economics
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Disequilibrium occurs when quantity demanded equals quantity supplied
a. True b. False
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Economics