If the Exchange Rate Between the U

question 22

Multiple Choice

If the exchange rate between the U.S.dollar and the Japanese yen went from $1 US = 100 yen to $1 US = 80 yen,then

• A)Japanese goods have become less expensive for Americans.
• B)Japanese goods have become more expensive for Americans.
• C)American goods have become more expensive for the Japanese.
• D)American exports to Japan are likely to fall.

Differentiate between economic scenarios based on theoretical frameworks to make labor market decisions.

Calculate and interpret the implications of changes in factor prices on the demand for labor, land, and capital.

Understand the historical context and impact of antitrust laws in the United States.

Recognize the role of the government in regulating business practices to promote competition.