The theory of the relationship between balance of payment and exchange rates that deals with the size of a nation's expenditures is called
A) the absorption approach.
B) the elasticities approach.
C) the Marshall Lerner condition.
D) the exchange rate condition.
A
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Comparative risk analysis is
a. a risk assessment strategy c. a risk characterization approach b. a risk management strategy d. none of the above
What does the phrase "Keynesian revolution" refer to?
What will be an ideal response?
The graph shown demonstrates a tax on sellers. Which of the following can be said about the effect of this tax?
The graph shown demonstrates a tax on sellers. Which of the following can be said about the A. The tax creates a shortage, and rationing must occur.
B. The tax creates a surplus, and the government must buy the excess.
C. The tax creates a shortage, and the government must regulate the market.
D. None of these is true.
If average labor productivity decreases, then the same number of employed workers will always produce:
A. more total output. B. less output per person. C. less total output. D. more output per person.