A) foreigners were buying more assets from the United States than Americans were buying abroad. The United States was going into debt. B) Americans were buying more assets abroad than foreigners were buying from the United States. The United States was going into debt. C) foreigners were buying more assets from the United States than Americans were buying abroad. The United States was moving into surplus. D) Americans were buying more assets abroad than foreigners were buying from the United States. The United States was moving into surplus. A) foreigners were buying more assets from the United States than Americans were buying abroad. The United States was going into debt. B) Americans were buying more assets abroad than foreigners were buying from the United States. The United States was going into debt. C) foreigners were buying more assets from the United States than Americans were buying abroad. The United States was moving into surplus. D) Americans were buying more assets abroad than foreigners were buying from the United States. The United States was moving into surplus.

Exam 13: Open-Economy Macroeconomics: Basic Concepts

You are staying in London over the summer and you have a number of dollars with you. If the dollar appreciates relative to the British pound, then other things the same,

(Multiple Choice)

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Question 21

From 1980 to 1987

(Multiple Choice)

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Question 22

From 1970 to 1998 the U.S. dollar

(Multiple Choice)

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Question 23

The country of Wiknam has net capital outflow of $1,000, government purchases of $5,000 and consumption of $20,000. Which of the following is correct?

(Multiple Choice)

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Question 24

In the U.S. a candy bar costs $1. If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in China?

(Multiple Choice)

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Question 25

If the U.S. has exports of $1.5 trillion and imports of $2.2 trillion, then the U.S.

(Multiple Choice)

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Question 26

During a hyperinflation the real domestic value of a country's currency

(Multiple Choice)

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Question 27

A U.S. bakery buys wheat from Canada and pays for it with US dollars. This transaction

(Multiple Choice)

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Question 28

If the exchange rate is 1.25 New Zealand dollars per U.S dollar, the price of apples is $2 a pound in the U.S. and 1 New Zealand dollar per pound in New Zealand, what is the real exchange rate?

(Multiple Choice)

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Question 29

Sam, a U.S. citizen, buys bonds issued by a Greek company that bottles olives. Sam's purchase is

(Multiple Choice)

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Question 30

Oceania buys $100 of wine from Escudia and Escudia buys $80 of wool from Oceania. Suppose this is the only trade that these countries do. What are the net exports of Oceania and Escudia, in that order?

(Multiple Choice)

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Question 31

You are planning a graduation trip to Mexico. Other things the same, if the dollar appreciates relative to the peso, then

(Multiple Choice)

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Question 32

Exchange rates are 100 yen per dollar, 0.8 euro per dollar, and 12 pesos per dollar. A bottle of beer in New York costs 6 dollars, 500 yen in Tokyo, 6 euro in Munich, and 84 pesos in Cancun. Where is the most expensive and the cheapest beer, in that order?

(Multiple Choice)

4.9/5

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Question 33

The nominal exchange rate is .80 euros per U.S. dollar and a basket of goods in France costs 1,000 euros while the same basket costs $800 in the U.S. The nominal exchange rate is 1.2 Australian dollars per U.S. dollar and a basket of goods in Australia costs 960 Australian dollars while the same basket costs $800 in the U.S.. Which country has purchasing-power parity with the U.S.?

(Multiple Choice)

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Question 34

A country's saving is greater than its domestic investment. This difference means that its

(Multiple Choice)

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Question 35

The increase in international trade in the United States is partly due to

(Multiple Choice)

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Question 36

Other things the same, if the exchange rate changes from .8 euros per dollar to .9 euros per dollar, the dollar

(Multiple Choice)

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Question 37

Other things the same, which of the following would both make Americans more willing to buy Italian goods?

(Multiple Choice)

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Question 38

Last year country A's residents purchased $700 billion of goods and services from and sold $500 billion of goods and services to residents of foreign countries. Its domestic investment was $1,100. What was country A's saving? Show your work.

(Essay)

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Question 39

Suppose a bottle of wine costs 20 euros in France and 25 dollars in the United States. If the exchange rate is .80 euros per dollar, what is the real exchange rate?

(Essay)

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Question 40

Showing 21 - 40 of 520

You are staying in London over the summer and you have a number of dollars with you. If the dollar appreciates relative to the British pound, then other things the same,

From 1980 to 1987

From 1970 to 1998 the U.S. dollar

The country of Wiknam has net capital outflow of $1,000, government purchases of $5,000 and consumption of $20,000. Which of the following is correct?

In the U.S. a candy bar costs $1. If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in China?

If the U.S. has exports of $1.5 trillion and imports of $2.2 trillion, then the U.S.

During a hyperinflation the real domestic value of a country's currency

A U.S. bakery buys wheat from Canada and pays for it with US dollars. This transaction

If the exchange rate is 1.25 New Zealand dollars per U.S dollar, the price of apples is $2 a pound in the U.S. and 1 New Zealand dollar per pound in New Zealand, what is the real exchange rate?

Sam, a U.S. citizen, buys bonds issued by a Greek company that bottles olives. Sam's purchase is

Oceania buys $100 of wine from Escudia and Escudia buys $80 of wool from Oceania. Suppose this is the only trade that these countries do. What are the net exports of Oceania and Escudia, in that order?

You are planning a graduation trip to Mexico. Other things the same, if the dollar appreciates relative to the peso, then

Exchange rates are 100 yen per dollar, 0.8 euro per dollar, and 12 pesos per dollar. A bottle of beer in New York costs 6 dollars, 500 yen in Tokyo, 6 euro in Munich, and 84 pesos in Cancun. Where is the most expensive and the cheapest beer, in that order?

A country's saving is greater than its domestic investment. This difference means that its

The increase in international trade in the United States is partly due to

Other things the same, if the exchange rate changes from .8 euros per dollar to .9 euros per dollar, the dollar

Other things the same, which of the following would both make Americans more willing to buy Italian goods?

Last year country A's residents purchased $700 billion of goods and services from and sold $500 billion of goods and services to residents of foreign countries. Its domestic investment was $1,100. What was country A's saving? Show your work.

Suppose a bottle of wine costs 20 euros in France and 25 dollars in the United States. If the exchange rate is .80 euros per dollar, what is the real exchange rate?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

The Basic Tools of Finance

Unemployment and Its Natural Rate

The Monetary System

Money Growth and Inflation

A Macroeconomic Theory of the Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

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