In 1985, the Exchange Rate Between the U

question 116

Multiple Choice

In 1985, the exchange rate between the U.S. dollar and the Japanese yen was $1 = 262 yen; in 2003, the rate was $1 = 110 yen. Which one of the following might be a plausible explanation for the
Change in the dollar-yen exchange rate from 1985 to 2003?

• A) Japan exported much more to the United States during this period than it imported from the United States.
• B) Japan greatly increased its purchases of military equipment from the United States during this period.
• C) Japan's economy grew far faster than the U.S. economy during this period.
• D) Japan's government devalued the yen during this period.

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Definitions:

Decertification Elections

A voting process where workers decide whether to remove the representation of a labor union in their workplace.

Challenges Union

Represents efforts or hurdles that labor unions face, which could include organizing, legal challenges, or opposition from companies and governmental entities.

Strikes

The act of halting work by a group of employees as a form of protest to demand changes from their employer, typically regarding wages, working conditions, or benefits.

Decertify

The process through which a union is officially stripped of its status as the representative of a group of workers, often following a vote among the workers themselves.