In 1985, a Given Japanese Imported Automobile Sold for 1,476,000

question 5

Multiple Choice

In 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200.If the car still sold for the same amount of yen today but the current exchange rate is 144 yen per dollar, what would the car be selling for today in U.S.dollars?

• A) $5.964
• B) $8,200
• C) $10,250
• D) $12,628
• E) $13,525

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Definitions:

Scientific Method

A systematic process of inquiry involving observation, experimentation, and hypothesis testing to gather empirical evidence and establish facts.

Experimental Research

A systematic and scientific approach to research in which the researcher manipulates one or more variables to determine their effect on a certain outcome.

Survey Research

A method of gathering data from a predefined group of respondents to gain information and insights on various topics of interest.

Comparative Historical Research

A methodology in social science that involves the study and comparison of historical events to understand societal trends and transformations.