The value of Austria's exports minus the value of Austria's imports is called
a. Austria's net exports.
b. Austria's net imports.
c. Austria's foreign portfolio investment
d. Austria's foreign direct investment.
a
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Suppose a bet is placed on the outcome of the flip of a coin – if the coin comes up heads, you get $25 and if it turns up tails, you lose $25 . If you accepted this bet, does it imply that you are risk averse, risk neutral, or risk loving?
What will be an ideal response?
Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, what is the market quantity demanded at a price of $3?
A) 6
B) 9
C) 15
D) 20
U.S. exports are:
A. U.S. goods sold to foreigners. B. Foreign goods bought by Americans. C. U.S. goods sold to Americans. D. Foreign and U.S. goods sold to foreigners, but consumed in the U.S.
A country with an undervalued currency
a. will have a balance of payments deficit. b. will accumulate reserves of foreign currencies. c. will suffer losses of foreign reserves. d. must intervene in the foreign exchange market to buy its own currency.