Question
Suppose currently prices in the US and Japan are practically constant while the dollar is gaining value against the yen. Other things the same around
Suppose currently prices in the US and Japan are practically constant while the dollar is gaining value against the yen. Other things the same around the world, this means that compared to the Japanese products, the goods produced in the US
a)are becoming less competitive in Japan, but not in the US markets.
b)are becoming less competitive in the US markets, but not in Japan.
c)are becoming less competitive in all markets around the world.
d)are becoming less competitive in both Japan and the US, but not in the rest of the world.
are becoming more competitive in both Japan and the US, but not in the rest of the world
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