Q6_f07 - Temple University, Japan Campus Economics 1101...

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Temple University, Japan Campus Economics 1101 Fall, 2007 Quiz #6 Name _____________________ A. Circle the letter corresponding to the most appropriate response. (2 points each) 1. If the yen becomes stronger against the Euro a) Japanese tourists in Paris are unhappy because they can buy fewer souvenirs b) Japanese firms are happy because they can sell more goods in Europe c) French firms are unhappy because they can sell fewer goods in Japan d) Japanese partiers because they can buy more French champagne 2. If French firms dump their cheese in the United States, they a) Sell low-quality cheese to U.S. consumers and sell the good cheese in France b) Charge less for cheese in the U.S. than they charge in France c) Sell more cheese to the U.S. than is permitted by the quota d) Charge so much for their cheese that consumer surplus in the U.S. is zero 3. Growth is easier to measure than development because a) We typically measure development using the foreign nation’s currency b) Growth is a single number while development has many features
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This note was uploaded on 04/28/2011 for the course ECON 1101 taught by Professor Rappoport during the Fall '08 term at Temple.

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Q6_f07 - Temple University, Japan Campus Economics 1101...

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