-The Table Above Shows the Exchange Rates Between Various Currencies

question 416

Multiple Choice

$$\begin{array} { | l | c | c | } \hline \text { Currency } & \begin{array} { c } \text { 2007 exchange rate } \\\text { (per U.S. dollar) }\end{array} & \begin{array} { c } \text { 2008 exchange rate } \\\text { (per U.S. dollar) }\end{array} \\\hline \text { Euro } & 0.9954 & 1.0747 \\\hline \begin{array} { l } \text { Tapanese } \\\text { yen }\end{array} & 102.20 & 114.90 \\\hline \begin{array} { l } \text { Canadian } \\\text { dollar }\end{array} & 1.44 & 1.50 \\\hline\end{array}$$
-The table above shows the exchange rates between various currencies and the U.S.dollar.Between 2007 and 2008,the Japanese yen ________ against the U.S dollar and the euro ________ against the U.S.dollar.

• A) appreciated; appreciated
• B) depreciated; appreciated
• C) depreciated; depreciated
• D) appreciated; depreciated

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Definitions:

Unionized Labor

Workers who are members of a union, which is an organization that negotiates with employers on behalf of its members for wages, hours, benefits, and working conditions.

Above-Equilibrium Wages

Wages that are higher than the market equilibrium, often set above the competitive level to attract or retain employees, possibly leading to reduced labor turnover.

Unionized Workers

Employees who are members of a union, which negotiates on their behalf for wages, benefits, and working conditions.

Player Strike

A work stoppage initiated by athletes or players to protest for better conditions, pay, or other contractual terms.