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19 graph shows exports from Japan as a function of the exchange rate.

19 graph shows exports from Japan as a function of the exchange rate.

ECON MICRO
ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter20: International Finance
Section: Chapter Questions
Problem 2.3P
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Economics The following graph shows exports from Japan as a function of the exchange rate. Exports from Japan Exports from Japan EXPORTS (Yen) Referring to the graph, why does the line showing exports from Japan slope downward? O The lower the price of the yen in terms of dollars, the lower the exports from Japan into the United States. O The higher the price of the yen in terms of dollars, the higher the exports from Japan into the United States. O The lower the price of the yen in terms of dollars, the higher the exports from the United States into Japan. O The lower the price of the yen in terms of dollars, the higher the exports from Japan into the United States. On the previous graph, adjust the position of the blue point (circle symbol) on the curve to show what happens when the exchange rate (measured in dollars per yen) decreases. (Note: Select and drag the blue point along the curve. The point will snap into position, so if you try to move the point and it snaps back to its original position, just try again and drag it a little farther.) EXCHANGE RATE (Dollars per yen)
Transcribed Image Text:Economics The following graph shows exports from Japan as a function of the exchange rate. Exports from Japan Exports from Japan EXPORTS (Yen) Referring to the graph, why does the line showing exports from Japan slope downward? O The lower the price of the yen in terms of dollars, the lower the exports from Japan into the United States. O The higher the price of the yen in terms of dollars, the higher the exports from Japan into the United States. O The lower the price of the yen in terms of dollars, the higher the exports from the United States into Japan. O The lower the price of the yen in terms of dollars, the higher the exports from Japan into the United States. On the previous graph, adjust the position of the blue point (circle symbol) on the curve to show what happens when the exchange rate (measured in dollars per yen) decreases. (Note: Select and drag the blue point along the curve. The point will snap into position, so if you try to move the point and it snaps back to its original position, just try again and drag it a little farther.) EXCHANGE RATE (Dollars per yen)
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