The excess of total credits over total debits in the current and private capital accounts is called the
A) BOP deficit.
B) BOP surplus.
C) official settlements account surplus.
D) official settlements account deficit.
C
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A trigger strategy can be used in
A) a single-play game or a repeated game. B) a single-play game but not a repeated game. C) a repeated game but not a single-play game. D) neither a single-play game nor a repeated game.
A positive value for the cross elasticity of demand between two good implies that these two goods are substitutes.
Answer the following statement true (T) or false (F)
The East Asian model's approach to interest rates has been
a. to keep interest rates well below market levels b. to keep interest rates above market levels c. to allow the market to determine interest rates d. to allocate investment funds entirely through government, and not charge any interest e. none of the above
Refer to above figure. In the absence of trade, how many Widgets does this country produce?
What will be an ideal response?