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Suppose that the Japanese yen rises against  the  U.S.  dollar – that is, it will take more dollars to buy any given amount of Japanese  yen.  Explain  why  this  increase simultaneously  increases the real price of Japanese  cars  for U.S. consumers  and lowers  the real price of U.S. automobiles for Japanese consumers.

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关键词：课后答案 金圣才 SIMULTANEOUS Automobiles Automobile increase against dollars amount price

白天然 发表于 2015-5-23 22:20
Suppose that the Japanese yen rises against  the  U.S.  dollar – that is, it will take more dollars ...

原书答案As the value of the yen grows  relative  to  the dollar, it takes more dollars to purchase a yen, and it takes fewer yen to purchase a dollar.   Assume  that the costs of production for both Japanese and U.S. automobiles remain unchanged.  Then  using  the  new exchange  rate, the purchase of a Japanese automobile priced in yen requires more dollars,  so the real price of Japanese cars in  dollars increases.  Similarly, the purchase of a U.S. automobile priced in dollars requires fewer yen,  and thus the real price  of  a U.S automobile in yen decreases.

白天然 发表于 2015-5-23 22:21
原书答案As the value of the yen grows  relative  to  the dollar, it takes more dollars to purchase ...

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白天然 发表于 2015-5-23 22:23
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考研答题时答题需要这么详细吗？

金圣才的答案
当然详细点好但是时间不够吧

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