The Export Price Index for Japan Is 132,while Its Import

question 13

Multiple Choice

The export price index for Japan is 132,while its import price index is 124.Assume an increase in export prices in Japan that result in a new price index of 144.The new terms of trade for Japan is __________,representing a(n) __________________ for Japan,and a(n) ___________________ for their trade partner.

• A)116,deterioration,improvement
• B)116,improvement,deterioration
• C)86,improvement,deterioration
• D)86,deterioration,improvement

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Definitions:

Retinal Disparity

The slight difference in the visual images that the right and left eyes perceive due to the eyes' horizontal separation, which is important for depth perception.

Gestalt Principles

A theory in psychology that proposes the human brain sees objects in their entirety before perceiving their individual parts, suggesting the whole is greater than the sum of its parts.

Relative Luminance

Is the brightness of an object in comparison to the brightness of a similarly illuminated white object, crucial in defining contrast in visual perception.

Perceptual Set

A mental predisposition or readiness to perceive something in a particular way, influenced by expectations and prior beliefs.