Multiple Choice
-The supply curve in Exhibit FF-1(A) slopes upward because
A) the higher the yen per dollar, the higher is the price of U.S.-made goods to the Japanese
B) the lower the yen per dollar, the higher is the price of U.S.-made goods to the Japanese
C) the higher the yen per dollar, the lower is the price of Japanese-made goods to U.S. citizens
D) the higher the yen per dollar, the higher is the price of U.S.-made goods to U.S. citizens
E) the higher the yen per dollar, the lower is the price of U.S.-made goods to the Japanese
Correct Answer:
Verified
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