A Leftward Shift of the Japanese Demand Curve for Foreign

question 154

Multiple Choice

A leftward shift of the Japanese demand curve for foreign exchange will

• A)increase the price of foreign exchange in Japan
• B)decrease the value of the yen
• C)make foreign goods more expensive in terms of yen
• D)make foreign goods less expensive in terms of yen
• E)make Japanese goods less expensive in terms of foreign exchange

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Definitions:

Diamonds

Precious stones consisting of a clear and typically colorless crystalline form of pure carbon, notable for their brilliance and hardness.

Consumption Possibilities Frontier

A curve depicting the maximum amount of two or more goods or services that an economy can consume given its resources and technology.

Specialization

The practice of focusing on a limited scope of activities, goods, or services to gain a comparative advantage in production or service delivery.

Exchange

The act of giving one thing and receiving another in return, particularly in terms of goods, services, or other valuables in a market setting.