Refer to the above table. The balance of trade is
A) $1000.
B) -$665.
C) +$335.
D) -$155.
C
You might also like to view...
The expectation of future revaluation causes a balance of payments crisis marked by
A) a sharp rise in reserves and a fall in the home interest rate below the world interest rate. B) a sharp fall in reserves and an even bigger fall in the home interest rate below the world interest rate. C) a sharp fall in reserves and a rise in the home interest rate above the world interest rate. D) a sharp rise in reserves and an even greater rise in the home interest rate above the world interest. E) a sharp fall in reserves and an unchanged home interest rate.
The M1 definition of the money supply includes:
a. coins and currency in circulation. b. coins and currency in circulation and checkable deposits. c. Federal Reserve notes, gold certificates, and checkable deposits. d. Federal Reserve notes and bank loans.
Which of the following sentences about the benefits of foreign investment is true?
a. Foreign investment is invited only in labor-intensive industries. b. Foreign investment has more effect on employment in developing countries. c. Most expenditures on research and development are made by the major developing countries. d. The ability of foreign firms to utilize modern technology in a developing country depends on having a supply of engineers and technical personnel in the host country. e. Foreign investment will improve balance of payments if the foreign investment is used to produce goods primarily for domestic consumption.
Assuming GDP remains constant, which of the following will increase Country A's balance on goods and services?
a. Reduced saving. b. Decreased taxes. c. Increased investment d. Reduced government spending. e. None of the above.