Suppose That the Exchange Rate Between Japanese Yen and U

question 84

Multiple Choice

Suppose that the exchange rate between Japanese yen and U.S. dollars is originally 130 yen to the dollar. If it then changes to 150 yen to the dollar, imports of Japanese goods into the United States will tend to:

• A)​rise.
• B)​fall.
• C)​stay the same.
• D)​change in an indeterminate direction.

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Definitions:

Ayn Rand

was a Russian-American writer and philosopher known for developing a philosophical system called Objectivism and for her novels "The Fountainhead" and "Atlas Shrugged."

Josef Stalin

Soviet political leader who governed the Soviet Union from the mid-1920s until his death in 1953, known for his totalitarian rule.

Harry S Truman

The 33rd president of the United States, known for his leadership during the final stages of World War II and the early years of the Cold War.

Soviet Citizens

Individuals who were recognized as nationals of the Soviet Union, a federal socialist state in Eurasia that existed from 1922 to 1991.