If Japan Realizes Technological Improvements in the Production of Automobiles

question 61

True/False

If Japan realizes technological improvements in the production of automobiles, which lowers its production costs relative to foreign producers, Japanese exports will rise, and the yen's exchange value will appreciate under a system of floating exchange rates.

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Definitions:

Prosumer

A portmanteau of producer and consumer, indicating individuals who produce some of the goods and services entering their consumption.

Consumer

An individual who purchases goods and services for personal use from the available offerings in the market.

Deterritorialization

A concept in socio-cultural studies that refers to the weakening of the ties between culture and geographical location, often as a result of globalization.

Machinic Assemblage

A concept from Deleuze and Guattari referring to a complex arrangement of interconnected entities or machines, both literal and metaphorical, that produce desire or social order.