Question
If the cost of living, when expressed in dollars, is lower in Japan than in the U.S., then a. the real U.S.-Japan exchange rate (q
If the cost of living, when expressed in dollars, is lower in Japan than in the U.S., then
| a. | the real U.S.-Japan exchange rate (q US/Japan) is greater than one | |
| b. | the real U.S.-Japan exchange rate is less than one | |
| c. | the nominal U.S.-Japan real exchange rate (E $/yen) is greater than one | |
| d. | the nominal U.S.-Japan real exchange rate is less than one |
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Essays In Our Changing Order
Authors: Thorstein Veblen
1st Edition
1351311425, 9781351311427
