Balance of payments deficits arise whenever the exchange rate is pegged at an artificially high level.
Answer the following statement true (T) or false (F)
True
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Economists who have studied economic growth find strong evidence of convergence
Indicate whether the statement is true or false
John's utility of wealth curve is shown in the above figure. He currently has wealth of $20,000. If there is a 10 percent chance that he could lose all his wealth, what is his expected wealth?
A) $0 B) $2,000 C) $17,000 D) $18,000
In the open-economy macroeconomic model, the market for loanable funds equates national saving with
a. domestic investment. b. net capital outflow. c. the sum of national consumption and government spending. d. the sum of domestic investment and net capital outflow.
Which of the following line items was the largest debit in 2017?
a. exports of goods
b. imports of goods
c. U.S.-owned assets abroad
d. foreign-owned assets in the United States