Which of the following accurately depicts the situation of India’s trade in services and what it might mean for the global economy?

Which of the following accurately depicts the situation of India’s trade in services and what it might mean for the global economy?

Select one:

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?

Select one:

A. Communism

B. mercantilism

C. free trade

D. anarchy

The Nikkei collapsed in what decade?

Select one:

A. 1970s

B. 1980s

C. 1990s

D. 2000s

An absolute of exchange rates is that both currencies move in the same direction.

Select one:

True

False

The EU effectively creates a scenario where there is common

Select one:

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, 

Select one:

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.

Select one:

A. True

B. False

The 1994 Mexican peso crisis occurred for fear the value of the peso was going to 

Select one:

A. increase

B. collaspe

C. not change

D. be equal to the US dollar

Technology improved agriculture in many ways. Which is NOT one of those ways?

Select one:

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.

Select one:

A. True

B. False