When an international financial crisis occurs
A) financial lenders protect their investments by pouring money into the ailing country.
B) there are no serious financial effects that last more than a few months.
C) financial flows can slow to a trickle, influencing economic growth.
D) investors sell off bonds and restrict loans as a mechanism to help the country recover.
C
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When a nation exports a good, its ________ surplus increases and its ________ surplus increases
A) consumer; total B) consumer; consumer C) producer; producer D) producer; total E) total; consumer
Only a small number of people make provisions for old age in spite of statistical evidence showing the diminished income during retirement
Indicate whether the statement is true or false
Under the gold standard, because all currencies had values fixed in units of gold
A) exchange rates were essentially fixed. B) exchange rates were essentially floating. C) exchange rates were set to a crawling peg. D) none of the above
According to the mercantilists, colonies were supposed to export ________ and import ________ from _______
a. manufactured products, raw materials, the mother country. b. raw materials, manufactured products, countries outside the empire. c. manufactured products, raw materials, countries outside the empire. d. raw materials, manufactured products, the mother country.