9) Which of the following can lead to an increase in the demand for Japanese yen compared to the U.S. dollar? a) an increase in the relative price of Japanese-made goods b) an increase in the interest rate in Japan relative to the U.S. rate c) a decrease in the amount of yen bought by the U.S. government d) a decrease in the demand for goods made in Japan 10) Which of the following statements is NOT true? a) If a country's exports exceed its imports, then there is a trade surplus. b) If the balance of trade is positive, then the balance of payments is also positive. c) If a country's balance of trade is positive, then its exports exceed its imports. d) A country's balance of trade includes trade in both goods and services.
9) Which of the following can lead to an increase in the demand for Japanese yen compared to the U.S. dollar? a) an increase in the relative price of Japanese-made goods b) an increase in the interest rate in Japan relative to the U.S. rate c) a decrease in the amount of yen bought by the U.S. government d) a decrease in the demand for goods made in Japan 10) Which of the following statements is NOT true? a) If a country's exports exceed its imports, then there is a trade surplus. b) If the balance of trade is positive, then the balance of payments is also positive. c) If a country's balance of trade is positive, then its exports exceed its imports. d) A country's balance of trade includes trade in both goods and services.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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9) Which of the following can lead to an increase in the demand for Japanese yen compared to the U.S. dollar?
a) an increase in the relative price of Japanese-made goods
b) an increase in the interest rate in Japan relative to the U.S. rate
c) a decrease in the amount of yen bought by the U.S. government
d) a decrease in the demand for goods made in Japan
10) Which of the following statements is NOT true?
a) If a country's exports exceed its imports, then there is a trade surplus.
b) If the balance of trade is positive, then the balance of payments is also positive.
c) If a country's balance of trade is positive, then its exports exceed its imports.
d) A country's balance of trade includes trade in both goods and services.
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