This topic contains a solution. Click here to go to the answer

Author Question: You're traveling in Japan and are thinking about buying a new kimono. You've decided you'd be ... (Read 71 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
You're traveling in Japan and are thinking about buying a new kimono. You've decided you'd be willing to pay 175 for a new kimono, but kimonos in Japan are all priced in yen.
 
  If the kimono you're looking at costs 14,000 yen, under which of the following exchange rates would you be willing to purchase the kimono? (Assume no taxes or duties are associated with the purchase.)
  A) 24.5 yen per dollar
  B) 65 yen per dollar
  C) 80 yen per dollar
  D) You would purchase the new kimono at any of the above exchange rates.

Question 2

Increases in real GDP would understate the well-being of a country over time if, over that time period, the
 
  A) percentage of people addicted to illegal drugs increased.
  B) amount of pollution decreased.
  C) crime rate increased.
  D) average hours worked per week increased.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wuly

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

C

Answer to Question 2

B




Awilson837

  • Member
  • Posts: 509
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

For a complete list of videos, visit our video library