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Все вопросы
- Over the long run the rate of depreciation of the nominal exchange rate between two countries is approximately equal to the difference in national … rates. #181
- Which of the following is not a special feature of the foreign exchange rate market? #182
- Which statement about the uncovered parity condition is true? #183
- Long-term exchange rate fluctuations tend to be (A) … than daily changes in absolute terms, but there are (B) … changes which are (C) … reversed. #184
- 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. #185
- If international trade takes place as a result of comparative advantage, it will cause which of the following effects in the participating countries? #186
- The nominal exchange rate is forward-looking. What does that mean for its current value? #187
- 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? #188
- Return to the countries in question 1. Suppose trade opens up. Which of the following statements is true? #189
- 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? #190