Multiple Choice
Which of the following statements is correct? In an open economy:
A) the country engages in trade but always has balanced trade
B) the country does not import at all and therefore always has a trade surplus
C) the country may have a deficit, surplus or zero balance in its trade balance
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Net foreign investment measures:<br>A)foreign assets held by
Q9: Which of the following represents the account
Q10: If the exchange rate changes from 100
Q11: General price levels in any country change
Q12: During every period of hyperinflation, the money
Q14: Under what circumstances does purchasing-power parity explain
Q15: Which of the following statements about the
Q16: International trade has been much more significant
Q17: The value of exports minus the value
Q18: The Big Mac index shows the markets