An increase in the value of the U.S. dollar relative to the Japanese yen will
a. increase aggregate demand in the United States.
b. decrease aggregate supply in the United States.
c. increase aggregate demand in Japan.
d. increase aggregate supply in Japan.
c
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Which of the following will happen if a firm in a duopoly with homogeneous products increases its price above its marginal cost once a Nash equilibrium is reached?
A) The firm will earn huge economic profits. B) The firm will gain market share. C) The firm will lose all its customers to its rival. D) The firm will continue to earn zero economic profits.
It is important to place particular stress on the role of women in rural development programs because
(a) women have received less training in the past. (b) women perform a large majority of the work in the rural sector. (c) women tend to allocate more resources to their children's health and education. (d) all of the above.