Author Question: If 1 was equivalent to 120 Japanese yen in 2008 and 125 Japanese yen in 2010, it implies in 2010, ... (Read 75 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?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

For a complete list of videos, visit our video library