Which of the following accurately depicts the situation of India’s trade in services and what it might mean for the global economy?
A. It is not perceived as threatening to the industrialized nations so it is likely to grow without any impact
B. Because it is nothing new, other economies have had time to adjust
C. It creates only harm to other national economies
D. It may lead to protectionist sentiment and policies in other nations as comparative advantages shift
Import Substitution Industrialization most resembles what type of economic theory?
C. free trade
The Nikkei collapsed in what decade?
An absolute of exchange rates is that both currencies move in the same direction.
The EU effectively creates a scenario where there is common
A. monetary policy
B. fiscal policy
C. both monetary and fiscal policy
D. none of the above
In the identity S + (T-G) = I + CA,
a. CA represents the Current Account component of the Balance of Payments (BOP)
b. (T-G) represents government savings
c. I represents private investment of domestic companies
d. Only A and C
e. All of the above
After elected, President Clinton reversed position on his deal with labor unions and supported NAFTA.
The 1994 Mexican peso crisis occurred for fear the value of the peso was going to
C. not change
D. be equal to the US dollar
Technology improved agriculture in many ways. Which is NOT one of those ways?
A. Equipment and machinery
B. Farming methods
C. World price of agricultural products
D. None of the above
China’s new economic reforms brought new democratic elections to the country.