If the Dollar-Yen Exchange Rate Changes from $1 = 125

question 35

Multiple Choice

If the dollar-yen exchange rate changes from $1 = 125 yen to $1 = 100 yen, then

• A) exports to Japan will likely decrease.
• B) Japanese tourists will be more likely to visit the United States.
• C) U.S. businesses will be more likely to use Japanese shipping lines to transport their products.
• D) U.S. consumers will be more likely to buy Japanese-made automobiles.

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FICA-Medicare

The portion of the Federal Insurance Contributions Act (FICA) tax that funds Medicare, providing health insurance to individuals aged 65 and over.

Total State Income Tax

The sum of all income taxes imposed by a state on individuals and businesses, based on their taxable income for the fiscal year.

FICA-OASDI

Refers to the Social Security portion of the Federal Insurance Contributions Act taxes, aimed at providing benefits for retirees, disabled individuals, and children of deceased workers.

FICA-Medicare

A portion of the Federal Insurance Contributions Act tax, specifically allocated to Medicare, the United States' health insurance program for individuals aged 65 and older or with certain disabilities.