Exchange rate transactions that involve the immediate transfer of bank deposits are known as ________
A) backward transactions
B) forward transactions
C) spot transactions
D) dog transactions
C
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Refer to Table 2-20. If the two countries specialize and trade, who should export wristwatches?
A) Japan B) There is no basis for trade between the two countries. C) Thailand D) They should both be importing wristwatches.
Limit pricing is used primarily to:
A) discourage new firms from entering a market. B) reduce (limit) the profits of all of the firms in the industry. C) drive other firms out of a market. D) establish a minimum price all of the firms in the market will charge.
All of the following statements present accurate information about 18th century New England except:
a. New England exported more fish than England. b. Indian Corn was an important agricultural produce in New England. c. New England had plentiful supplies of timber. d. New England farms were large and highly productive.
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Considering both country's production possibilities frontiers, we can infer that Country A will specialize in:
A. trucks, and be willing to accept no less than 5 cars for each truck.
B. cars, and be willing to give no more than 5 cars for each truck.
C. trucks, and be willing to accept no more than 5 cars for each truck.
D. cars, and be willing to give no less than 5 cars for each truck.