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Petroleum is sold in a world market and tends to be priced in u. s. dollars. the nippon steel chemical group of japan must import petroleum to use in manufacturing plastics and other products, a large portion of which are sold in japan. how are its profits affected when the yen depreciates against the dollar?

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Petroleum is sold in a world market and tends to be priced in u. s. dollars. the nippon steel chemic...

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