If equilibrium is present in the foreign exchange market and a nation is experiencing a trade surplus
What will be an ideal response?
the nation must be experiencing a net capital outflow.
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Which of the following is TRUE about the political and market systems of voting?
A) The political voting system functions according to proportional rule, while the market voting system functions according to majority rule. B) The political voting system functions according to majority rule, while the market voting system functions according to proportional rule. C) The political voting system functions according to minority rule, while the market voting system functions according to majority rule. D) The political system and the market system are identical.
If a country's saving rate increases, then in the long run
a. productivity is higher but real GDP per person is not higher. b. real GDP per person is higher but productivity is not higher. c. productivity and real GDP per person are both higher. d. neither productivity nor real GDP per person is higher.
The introduction of a new technology that raises the marginal product of new capital will:
A. decrease real interest rates and increase the equilibrium quantity of saving supplied and demanded. B. increase real interest rates and the equilibrium quantity of saving supplied and demanded. C. decrease real interest rates and the equilibrium quantity of saving supplied and demanded. D. increase real interest rates and decrease the equilibrium quantity of saving supplied and demanded.
Which of the following were prominent among the protesters at the WTO meeting in Seattle in late 1999?
A. international bankers that free trade undermined underdeveloped nation's ability to pay back loans. B. environmentalists concerned that corporations would locate in countries that had very lax environmental standards. C. multinational corporations concerned that free trade condoned sweatshop working conditions. D. All of the choices were prominent in the Seattle protest.