If the Average Income Per U

question 61

Multiple Choice

If the average income per U.S.worker decreases while that of Japanese workers remains unchanged,then the demand curve for Japanese yen will shift __________,which will cause the equilibrium exchange rate of the dollar price per yen to __________,which is the same thing as saying that the dollar will __________.

• A) rightward; rise; appreciate
• B) leftward; fall; appreciate
• C) rightward; rise; depreciate
• D) leftward; fall; depreciate
• E) rightward; fall; depreciate

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Definitions:

Public Utility Corporation

A company that provides essential public services, such as water, electricity, and natural gas, regulated by government entities.

Legislation

The process of making or enacting laws, or the body of laws that have been enacted by a legislative body.

Enforceable

Capable of being put into effect or action according to legal principles or regulations.

Contract

A formal agreement among two or more participants that is legally binding and enforceable.