If the U.S. has a trade deficit and the nominal exchange rate depreciates, then other things the same
a. the trade deficit rises and net capital outflow rises.
b. the trade deficit rises and net capital outflow falls.
c. the trade deficit falls and net capital outflows rise.
d. the trade deficit falls and net capital outflows fall.
c
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How can increases in a country's total income improve health?
What will be an ideal response?
Two of the main focuses on development economics focuses on how countries can promote:
A. health and education. B. sound monetary policy and education. C. health and fiscal policy. D. sound monetary and fiscal policy.
The text calls the type of comparative advantage that is not easily changed, such as climate:
A. inherent comparative advantage. B. stable comparative advantage. C. permanent comparative advantage. D. equilibrium comparative advantage.
Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $10 and a quantity of 500 units. If the government imposes a $4 per-unit tax on this product, equilibrium quantity will change to:
A. 500. B. 300. C. 1,000. D. 400.