Multiple Choice
What kind of country would most likely have a "small open economy"?
A) a country that trades with other countries and has consistently a trade surplus.
B) a country that trades with other countries and has consistently a trade deficit.
C) a country that trades with other countries and has a significant effect on world prices
D) a country that trades with other countries, but has a negligible effect on world prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: According to the theory of purchasing-power parity,
Q34: Sonya, a citizen of Denmark, sells Danish
Q35: What does purchasing-power parity imply about the
Q36: Which of the following would be a
Q37: Which of the following is an example
Q38: Exchange rates are 0.98 U.S. dollars per
Q40: On behalf of your firm, you make
Q42: Suppose the nominal exchange rate between the
Q44: Which of the following terms refers to
Q62: List the factors that might influence a