The supply curve for Japanese yen on the foreign-exchange market is upward-sloping when plotted against the exchange rate (measured as the Canadian dollar price of one Japanese yen) because Select one O a when the dollar appreciates, Canadian goods are cheaper in Japan, and more Canadian exports are therefore demanded, O b. when the dollar depreciates, the price of Japanese exports to Canada decreases. Oc when the dollar depreciates, Canadian goods are cheaper in Japan, and more Canadian exports are therefore demanded O d. an appreciation of the dollar will cause the yen prices of Canadian exports to fall Oe. a depreciation of the dollar will cause the yen prices of Canadian goods to rise.
The supply curve for Japanese yen on the foreign-exchange market is upward-sloping when plotted against the exchange rate (measured as the Canadian dollar price of one Japanese yen) because Select one O a when the dollar appreciates, Canadian goods are cheaper in Japan, and more Canadian exports are therefore demanded, O b. when the dollar depreciates, the price of Japanese exports to Canada decreases. Oc when the dollar depreciates, Canadian goods are cheaper in Japan, and more Canadian exports are therefore demanded O d. an appreciation of the dollar will cause the yen prices of Canadian exports to fall Oe. a depreciation of the dollar will cause the yen prices of Canadian goods to rise.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The supply curve for Japanese yen on the foreign-exchange market is upward-sloping when plotted against the exchange rate (measured as the Canadian dollar
price of one Japanese yen) because
Select one
O a when the dollar appreciates, Canadian goods are cheaper in Japan, and more Canadian exports are therefore demanded,
O b. when the dollar depreciates, the price of Japanese exports to Canada decreases.
Oc when the dollar depreciates, Canadian goods are cheaper in Japan, and more Canadian exports are therefore demanded
O d. an appreciation of the dollar will cause the yen prices of Canadian exports to fall
Oe. a depreciation of the dollar will cause the yen prices of Canadian goods to rise.
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