QUESTION 1 Why is GM worried about the level of the yen? 3. Because, should the yon depreciate, Japanese automakers would have a sizeable cost advantage relative to GM in the U.S. market, which would allow them to take market share away from GM. D. Because, should the yen appreciate, Japanese automakers would have a sizeable cost advantage relative to GM in the U.S. market, which would allow them to take market share away from GM. . Mostly because of the cars GM sells in Japan. d. Mr Feldstein is wrong, and GM should not worry about the level of the yen because GM's operating exposure is really low. QUESTION 2 Should the yen depreciate, GM's value will wcrease b. Fall