If the price level rises in the United States but not in foreign nations and the current exchange rate does not change, the expected future exchange rate
A) rises.
B) falls.
C) stays the same.
D) You can't tell from the given information.
B
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Rock climbing areas are often on public lands. These areas, which are often crowded, are classified as
A) rival and excludable. B) non-rival and excludable. C) rival and non-excludable. D) non-rival and non-excludable.
When the government borrows in the market, it
A. does not have to pay interest. B. is not required to pay back the entire principle. C. can get indefinite extensions on the loan. D. all of these answer options are correct. E. none of these answer options are correct.
The balance of payments is
A. the equilibrium result when two countries achieve purchasing power parity. B. an account that records changes in exchange rates between two countries. C. an account that records all economic transactions between a country and all other countries, usually within a year. D. all of the above. E. none of the above.
In 2014, which of the following countries had the highest ratio of exports to GDP?
A) Germany B) Netherlands C) Japan D) United States E) Austria