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Refer to the above figure. Suppose E is the original equilib

Paper help Economics Refer to the above figure. Suppose E is the original equilib

Economics

Refer to the above figure. Suppose E is the original equilib

Refer to the above figure. Suppose E is the original equilibrium. An increase in th… Show more Question 2 Refer to the above figure. Suppose E is the original equilibrium. An increase in the demand for dollars will be reflected in this figure by Question 2 options: an increase in the demand for yens as both imports and exports increase. an increase in the supply of yens as Japan tries to buy more American goods. a decrease in the supply of yens as Japan is able to pay less for American goods. a decrease in the demand for yens as the U.S. balance of payments improves. Question 4 The largest portion of any nation’s balance of payments current account is the Question 4 options: importing and exporting of merchandise goods. importing and exporting of services. importing and exporting of capital goods. importing and exporting of gold. Question 5 Refer to the above table. Based on the transactions in the table, what is the change in the U.S. capital account? Question 5 options: $10,000 $20,200 $20,000 $9,800 Question 8 Jane has just sent a gift that was made in the U.S. to her relatives in Germany. As far as the balance of payments is concerned this gift will Question 8 options: be part of the capital account since the gift is a physical item. be considered an export since it has left the U.S. have no influence on the balance of payments since it was made in the U.S. be part of the current account as an unilateral transfer. Question 9 Based on the American historical experience with the gold standard, we can conclude that Question 9 options: the standard guarantees economic stability but not price stability. the gold standard guarantees both economic and price stability. the gold standard guarantees neither economic nor price stability. the gold standard guarantees price stability but not economic stability. Question 10 Refer to the above figure. Suppose E is the original equilibrium. An increase in the demand for American computers causes Question 10 options: the supply curve to shift to the left, and an appreciation of the dollar. the demand curve to shift to the right, and an appreciation of the yen. the supply curve to shift to the right, and an appreciation of the dollar. the demand curve to shift to the left, and an appreciation of the yen. Question 11 Which of the following is not a category in the U.S. balance of payments account? Question 11 options: Capital account. Current account. Past-due account. Official reserve transactions account. Question 12 If there are no interventions by finance ministers or control banks in the international market, then Question 12 options: the current account will be greater than the capital market. the capital market will be greater than the current account. the current account and the capital account must sum to zero. the capital market will equal the current account. Question 13 The price of one currency in terms of another is the Question 13 options: price of a SDR. foreign exchange rate. price of foreign stock. price of gold. Question 17 To know whether a particular situation for a family, business, or government involves an equilibrium or not, one must Question 17 options: understand the circumstances fully. determine whether a particular portion of the accounts are in balance or not. determine whether the credits equal the debits. determine whether the accounts are in balance. Question 18 If there is a negative sign in front of unilateral transfers in the balance of payments then Question 18 options: U.S. residents purchased more services from foreign countries than foreign countries purchased from U.S. residents. U.S. residents purchased less services from foreign countries than foreign countries purchased from U.S. residents. U.S. residents gave more to foreign residents than foreign residents gave to U.S. residents. there must be an offsetting positive sign in the capital account. Question 19 Any transaction that leads to a payment by a country’s residents or government is a(n) Question 19 options: surplus item. debt. asset. deficit item. • Show less

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