Evidence that convergence occurs within economies is drawn in part from the example of ________

In general, non-equilibrium prices occur because:

a. information is imperfect and adjustment is costly. b. supply curves shift along stationary demand curves. c. demand curves shift along stationary supply curves. d. monopolists charge prices above marginal cost.

If the dollar appreciates relative to the Yen, it can be said that

a. Japanese citizens respect the United States more. b. the dollar increases in value within the United States. c. the Yen depreciates relative to the dollar. d. it takes more dollars to buy Yen.