The “East Asian Miracle” is A) the ability of so many people to live in such small areas. B) the fact that so many Influenza varieties originate from this region. C) the fact that poor dualistic economies managed to escape the vicious circle of poverty. D) the ability to maintain large positive trade balances with […]
Date: September 10th, 2020
The global financial crisis that began in 2008 was a great illustration of how interdependent national economies are. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The development of countries like South Korea has been supported by all of the following EXCEPT A) high domestic interest rates. B) high domestic saving rates. C) large endowments of human capital. D) high levels of labor productivity. E) reduced government regulation. ANSWER A
Date: September 10th, 2020
Which of the following is NOT a major actor in the foreign exchange market? A) corporations B) central banks C) commercial banks D) non-bank financial institutions E) tourists ANSWER E
Date: September 10th, 2020
Under PPP (and by the Fisher Effect), all else equal A) a rise in a country’s expected inflation rate will eventually cause a more-than proportional rise in the interest rate that deposits of its currency offer in order to accommodate for the higher inflation. B) a fall in a country’s expected inflation rate will eventually […]
Date: September 10th, 2020
The BP curve presents combinations of y and i that yield balance of trade equilibrium. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
In 2003, the per-capita income in China was roughly ________ of that in the U.S. A) one hundredth B) one eighth C) one half D) the same as E) one twentieth ANSWER B
Date: September 10th, 2020
The United States became a net international debtor in 1985 for the first time since World War I. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
By April 2010 A) only about 10 percent of foreign exchange trades were against euros. B) only about 24 percent of foreign exchange trades were against euros. C) only about 39 percent of foreign exchange trades were against euros. D) only about 42 percent of foreign exchange trades were against euros. E) only about 60 […]
Date: September 10th, 2020
In a two-country, two-product world, the statement “Germany enjoys a comparative advantage over France in autos relative to ships” is equivalent to A) France having a comparative advantage over Germany in ships. B) France having a comparative disadvantage compared to Germany in autos and ships. C) Germany having a comparative advantage over France in autos […]
Date: September 10th, 2020
