If the Equilibrium Exchange Rate Between U

question 2

Multiple Choice

If the equilibrium exchange rate between U.S.dollars and Japanese yen is $0.01 = 1 yen,but currently the exchange rate is $0.009 = 1 yen,then with flexible exchange rates the dollar price of a yen will __________ and the yen will __________.

• A) increase; appreciate
• B) decrease; appreciate
• C) increase; depreciate
• D) decrease; depreciate

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Definitions:

Reproductive Isolation

Reproductive isolation occurs when reproductive barriers prevent or strongly limit reproduction between populations. The result is that few or no genes are exchanged between the populations.

Metapopulations

A group of spatially separated populations of the same species which interact at some level.

Evolutionary History

The chronological sequence of biological changes in populations or organisms over time, leading to the diversity of species seen today.

Phylogenetic Species Concept

Defines a species as the smallest group of individuals that share a common ancestor and can be distinguished by unique, inheritable traits.