Endaka, the high yen, caused financial problems for ________.
A) Japanese foreign-exchange reserves
B) American foreign-exchange reserves
C) Japanese importers
D) Japanese exporters
Question 2
An economic system is the set of structures and processes that ________ in a country.
A) guides the allocation of resources and shapes the conduct of business activities
B) directs the movement of specific products to specific consumers
C) sets the standards of competitive success for companies in the economy
D) stipulates the roles and responsibilities of consumers
A nineteenth-century Japanese portrait of Commodore Matthew Perry, who “opened up” Japan in 1854.
Columbian Exchange
American Foreign Trade, 1790–1812
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