Majority of international migrants move to:
A. The U.S. and Canada
B. Western Europe
C. Countries relatively close to their home countries
D. Japan and Australia
C. Countries relatively close to their home countries
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Purchasing power parity does NOT provide accurate predictions of exchange rates because
A) almost all goods and services are traded across nations. B) governments currently fix exchange rates. C) firms are unable to set prices differently across nations. D) non-traded goods account for approximately 50 percent of the value of production in an economy.
Economists measure the "openness" of an economy in terms of
A) its immigration policies. B) how often it holds free elections. C) the percentage of foreign-born workers in its labor force. D) how much it trades with other economies.
If the real interest rate in the United States decreases, foreign investors will ________ their demand for U.S. dollars because they desire to ________ fewer U.S. financial assets
A) increase; buy B) increase; sell C) decrease; buy D) decrease; sell
____ is defined as the value of a households assists minus the value of its liabilities
Fill in the blank(s) with the appropriate word(s).