Which of the following factors is not part of the current account (CA) of a country?
a) exports and imports
b) income payments and receipts
c) unilateral transfers
d) purchase of foreign stocks
Ans: d) purchase of foreign stocks
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Refer to Figure 18-2. Consider the market for U.S. Dollars against the British pound shown in the graph above. From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound
A) decreased; 2.00 B) increased; 2.17 C) decreased; 0.46 D) increased; 0.50
In 2008, 1.00 Swiss franc cost 0.56 British pounds and in 2010, it cost 0.51 British pounds. Therefore, 1 British pound was worth _____ Swiss francs in 2008 and _____ Swiss francs in 2010
a. 1.79; 1.96 b. 1.78; 1.98 c. 1.71; 2.00 d. 1.73; 1.97
In an economy where nominal incomes adjust equally to changes in the price level, we would expect the long-run aggregate supply curve to be:
a. vertical. b. negatively sloped. c. positively sloped. d. horizontal.
Developing countries tend to use ______ production methods.
a. labor-intensive b. capital-intensive c. highly technical d. completely automated