1) If the exchange rate between the U.S. dollar and the Japanese yen is $1 = 200 yen, then the dollar price of the yen is: $.005. $.05. $.50. $5. 2) In recent years, the United States has had large: (Points : 1) current account surpluses. current account deficits. balance of trade surpluses. balance of payments surpluses. 3)In recent years the United States has (Points : 1) exported more services abroad than it has imported. had a small goods trade surplus with Japan. had a large goods trade surplus with the rest of the world. maintained an overall trade surplus (goods and services combined) with the rest of the world. 4) Evaluate the statement: “Restricting imports from other nations will save U.S. jobs.” Include both advantages and disadvantages in you argument. 5) What are the economic effects of a depreciation of the US dollar on US trade balances?