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41. The trade deficit the mirror image of required capital inflows. a. True b. False 42. One possible

Question : 41. The trade deficit the mirror image of required capital inflows. a. True b. False 42. One possible : 1440828

 

41. The trade deficit is the mirror image of required capital inflows.

a. True

b. False

42. One possible cure for the trade deficit is protectionism.

a. True

b. False

43. For those nations who fixed their currencies' exchange rates to the U.S. dollar, the rise of the dollar during the 90's was very good news, ?

a. True

b. False

44. The major difference between a closed economy and an open economy is that a(n)

a. closed economy balances budget, while an open economy does not.

b. open economy is a market economy, while a closed economy relies on planning.

c. open economy interacts with the rest of the world, while a closed economy does not.

d. closed economy keeps political affairs secret, while an open economy does not.

45. A rise in net exports shifts the aggregate

a. demand curve inward.

b. demand curve outward.

c. supply curve outward.

d. supply curve inward.

46. A reduction in net exports shifts the aggregate

a. demand curve inward.

b. demand curve outward.

c. supply curve outward.

d. supply curve inward.

47. A recession abroad would

a. increase U.S. net exports and increase aggregate demand.

b. increase U.S. net exports and increase aggregate supply.

c. reduce U.S. net exports and reduce aggregate demand.

d. reduce U.S. net exports and increase aggregate demand.

48. A favorable supply shock abroad would

a. increase U.S. imports and decrease aggregate demand.

b. decrease U.S. net exports and reduce aggregate supply.

c. decrease U.S. net exports and decrease national income.

d. increase U.S. net exports and increase aggregate demand.

49. An increase in the U.S. price level relative to the price level of other countries would

a. increase U.S. net exports and increase aggregate demand.

b. increase U.S. net exports and increase aggregate supply.

c. reduce U.S. net exports and reduce aggregate demand.

d. reduce U.S. net exports and increase aggregate demand.

50. An increase in the price level in Japan relative to the price level in the United States would

a. increase U.S. net exports and increase aggregate demand.

b. increase U.S. net exports and increase aggregate supply.

c. reduce U.S. net exports and reduce aggregate demand.

d. reduce U.S. net exports and increase aggregate demand.

 

 

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