[Answered] If the price level in Japan is 1.0, the price level in the U.S. is 2.0, and it costs 100 Yen to buy ...

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Author Question: If the price level in Japan is 1.0, the price level in the U.S. is 2.0, and it costs 100 Yen to buy ... (Read 103 times)

Ebrown

Hero Member
Posts: 567

on: Jun 30, 2018

If the price level in Japan is 1.0, the price level in the U.S. is 2.0, and it costs 100 Yen to buy one dollar, then the real exchange rate between the U.S. and Japan is

A) 2.
B) 10.
C) 50.
D) 100.
E) 200.

Question 2

Today, about ________ of U.S. workers have their wages set by collective bargaining agreements.

A) 10
B) 15
C) 20
D) 25

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cswans24

Sr. Member
Posts: 317

Reply #1 on: Jun 30, 2018

Answer to Question 1

E

Answer to Question 2

A

Ebrown

Hero Member
Posts: 567

Reply #2 on: Jun 30, 2018

Thank you

cswans24

Sr. Member
Posts: 317

Reply #3 on: Jun 30, 2018

Happy to help you

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