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Consider the USD/JPY exchange rate. If the US dollar appreciates relative to the YEN (the Yen depreciates) then: a) japanese find US goods less expensive,
Consider the USD/JPY exchange rate. If the US dollar appreciates relative to the YEN (the Yen depreciates) then:
a) japanese find US goods less expensive, so exports of US goods to Japan fall
b) japanese find US goods more expensive, so exports of US goods to japan fall
c) japanese find US goods less expensive, so exports of US goods to japan rise
d) japanese find US goods more expensive, so exports of US goods to japan rise
e) none of these answers
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