Author Question: If 1 was equivalent to 120 Japanese yen in 2008 and 125 Japanese yen in 2010, it implies in 2010, ... (Read 98 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
If 1 was equivalent to 120 Japanese yen in 2008 and 125 Japanese yen in 2010, it implies in 2010, there was:
 a. a depreciation of the dollar against the yen.
  b. a depreciation of the yen against the dollar.
  c. an appreciation of the yen against the dollar.
  d. no change in the value of yen, but the dollar had weakened.
  e. no change in the value of dollar, but the yen had strengthened.

Question 2

If an import tariff is reduced, the domestic quantity demanded is ____ and the quantity supplied domestically is ____, ____ the quantity of goods imported.
 a. greater; lower; reducing.
 b. lower; greater, reducing.
 c. greater; lower; increasing.
  d. lower; greater; increasing.



JYan

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

b

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

For a complete list of videos, visit our video library