The Government Just Released International Exchange Rate Statistics and Reported

question 3

Multiple Choice

The government just released international exchange rate statistics and reported that the real effective exchange rate index for the U.S. dollar vs. the Japanese yen decreased from 105 last year to 95 currently and is expected to fall still further in the coming year. Other things equal, U.S. ________ to/from Japan think this is good news, and U.S. ________ to/from Japan think this is bad news.

• A) importers; exporters
• B) importers; importers
• C) exporters; exporters
• D) exporters; importers

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Definitions:

Electric Shock

A sudden discharge of electricity through a part of the body, causing a rapid and intense stimulation of nerves.

Bright Lights

Intense illumination often used to describe environments with a high level of artificial or natural light.

Social Learning

A theory that posits people learn new behaviors and attitudes through observation of others (models) and the outcomes of those behaviors.

School Learning

A process that involves acquiring knowledge, skills, values, and attitudes within an educational institution.