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Assuming the law of one price, explain what the exchange rate between U.S. dollars and yen has to be if the price of steel in Japan is 15,000 yen per ton and the price in the U.S. is $125 per ton (assume no transaction costs).
Stimulant
A substance that raises levels of physiological or nervous activity in the body.
Addictive
An addictive substance or behavior has the quality of causing someone to become dependent on it, often leading to physiological or psychological addiction.
Cocaine
A powerful stimulant drug derived from the coca plant, known for its psychoactive effects and potential for addiction.
Amphetamines
A class of stimulant drugs that can increase energy and concentration while decreasing appetite and fatigue.
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