The balance of payments constraint refers to the limits on:
A. exchange rate policy imposed by flexible exchange rates.
B. currency convertibility observed in most developing countries.
C. domestic macroeconomic policy, arising from a shortage of international reserves.
D. macroeconomic policy resulting from IMF conditionality.
Answer: C
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A market demand schedule for a product indicates that
A. as a product's price rises, consumers buy more of the good. B. there is a positive relationship between price and quantity demanded. C. there is a negative relationship between price and quantity demanded. D. as the product's price falls, consumers buy less of the good.
When Carvana sold stock to the public in its IPO, it did so through the New York Stock Exchange. People who bought the shares
A) were promised to be repaid their investment plus interest. B) did so in the indirect finance market. C) own part of the company. D) All of the above are true.
If one person's enjoyment of the benefits of a good ________ with another's consumption of it, the good is nonrival in consumption. This is a characteristic of a ________ good.
A. interferes; private B. interferes; public C. does not interfere; private D. does not interfere; public
Government bonds are government securities with terms of
A. one month. B. six months. C. more than one year. D. three months.