The currency depreciations and the recessions during the Asian crisis did lead to improvement in the Asian countries' current account balances, largely through
A. decreases in imports.
B. decreases in capital outflows.
C. increases in the rate of inflation in these countries.
D. increases in exports.
Answer: A
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Stagflation may follow an inflationary boom.
Answer the following statement true (T) or false (F)
Three of these are a condition for perfect competition.
a. Many buyers and sellers participate in the market. b. Sellers offer a wide variety of products. c. Buyers and sellers are well informed about products. d. Sellers are able to enter and exit the market freely.
Which of the following would cause the supply of dollars curve in the United States to shift to the right?
A. Japanese imports become less popular. B. The value of the dollar falls. C. The supply of dollars decreases. D. Japanese imports became more popular.
Refer to the diagram. The area that identifies the maximum sum of consumer surplus and producer surplus is:
A. a + b + c + d + e + f.
B. c + d + f.
C. a + b + e.
D. a + b + c + d.