If the exchange rate between the U.S.dollar and the Japanese yen was 1 U.S.dollar equals 125 yen,what would be the price in dollars of Japanese automobiles selling for 2,500,000 yen?
A) $12,500
B) $20,000
C) $25,000
D) $50,000
Correct Answer:
Verified
Q1: Under a flexible exchange rate system, which
Q20: A depreciation of the U.S. dollar on
Q39: A pair of Nike tennis shoes costs
Q42: If inflation in the United States is
Q47: Suppose U.S.-produced wheat costs $5 per bushel
Q52: If the exchange rate between the U.S.
Q53: If the dollar appreciates,
A) imports to the
Q55: An appreciation in the U.S. dollar benefits
Q62: Other things constant, if Americans suddenly increased
Q78: Other things constant, if Americans suddenly decreased
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents