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Все вопросы
- Month-to-month changes in exchange rates accounts for (A) … of the monthly trade balances. Countries with persistent trade deficits tend to have (B) … currencies. #241
- If international trade takes place as a result of comparative advantage, it will cause which of the following effects in the participating countries? #242
- The nominal exchange rate is forward-looking. What does that mean for its current value? #243
- Suppose Countries A and B use only labour as an input and produce only cloth and wheat. In A, a worker in a day could produce 2 units of cloth or 4 units of wheat. In B, a worker in a day could produce 3 units of cloth or 9 units of wheat. At present the countries do not trade. Which of the following statements is false? #244
- Return to the countries in question 1. Suppose trade opens up. Which of the following statements is true? #245
- Suppose Countries C and D use only labour as an input and produce only tables and tents. In A, a worker in a week could produce 4 tables or 2 tents. In B, a worker in a week could produce 6 tables. Initially the countries do not trade, and then trade opens up. Under which circumstances will country C export tables? #246
- Suppose two countries E and F use many inputs. Country E exports tractors and imports televisions. Assuming there are no economies of scale, which of the following statements is true? #247
- Which of the following statements is false? #248
- Suppose a small country imposes a tariff on a good. Which of the following statements is false? #249
- Suppose a large country imposes a tariff on a good. Which of the following statements is false? #250