第一章
•1. If a nation's domestic savings equals 6 and a nation's domestic investment equals 10, then the nation is experiencing:
– A. a net capital outflow.
– B a net capital inflow.
– C. no net capital inflow or outflow.
– D. a current account surplus.
•2. If domestic investment is greater than domestic saving,
– A. expenditures equal domestic income and net exports equal zero.
B. expenditures are greater than domestic income and net exports are negative.
C. expenditures are less than domestic income and net exports are positive.
D. expenditures are greater than domestic income and net exports are positive zero.
•3. A current account deficit in the U.S. is:
A. necessarily bad becau it reprents a lack of domestic saving.
B. necessarily good becau it reprents foreign savings in the U.S.
C. necessarily bad becau it undermines the U.S.'s ability to experience economic growth.
– D.is neither good nor bad.
•4. The balance of payments system
– A. is another method for calculating GDP.
– B. insures that the net exports are always equal to zero.
– C. measures the total value of a domestic economy's transactions with the rest of the world.
– D. attempts to limit the fluctuation in international exchange rates.
•5. The balance on merchandi trade is a component of
– A. the current account.
– B. the capital account.
– C. foreign direct investment.
– D. portfolio investment.
•猜6. A debit entry in the balance of payments accounts reprents
–月落玉长河 A. a transaction that includes a payment from abroad a domestic resident.
– B. a transaction that includes a payment abroad by a domestic resident.
– C. a decrea in the current account deficit.
– D. an increa in the capital account surplus.
•7. Which of the following transactions are not included in the current account?
– A. Exports of manufactured goods.
– B. Imports of manufactured goods.
– C. Payments of interest and dividends on foreign asts held by a domestic U.S. resident.
– D. The purcha of foreign asts by a domestic U.S. resident.
•8. When a country faces a current account deficit, it also faces:
– A. a rvices trade deficit.
– B. a capital account deficit.
–牛油果虾仁沙拉 C. a capital account surplus.
– D. a merchandi trade deficit.
•9. In terms of balance of payments accounting, which of the following would be recorded as a debit entry?
– A. Exports of merchandi.
– B. Exports of rvices.
– C. A foreigner's purcha of a U.S. Treasure bond.
– D. An increa in a U.S. citizen's account at a foreign bank.
•10. Suppo an American tourist travels to Mexico, and us U.S. dollars to purcha a hotel room in Mexico City. This transaction is recorded as a
– A. credit in the current account and debit in the capital account.
– B. debit in the capital account and a credit in the current account.
– C.credit in the capital account and debit in the current account.
– D.credit in the capital account and debit in the capital account.
•11. The United States is currently a net debtor nation. This necessarily implies that the
– A.federal government owes money to foreign investors.
– B.value of U.S. held asts abroad is lower than the value of foreign held asts in the U.S.
– C.value of the U.S. dollar is less than the average value of foreign currencies.
– D.U.S. is running a deficit in manufactured goods trade.
•12. After accounting for statistical discrepancies, a capital account
– A. surplus will always imply a current account surplus.
– B. surplus will always imply a current account deficit.
–感恩有您 C. surplus will always exceed the associated current account surplus.
– D. deficit will always exceed the associated current account surplus.
•13. Foreign direct investment is a component of
– A. portfolio investment.
– B. the current account.
– C. total trade in rvices.
用温和造句– D. the capital account.
•14. In order for the purcha of stocks to be categorized as foreign direct investment, it must reprent at least _______ percent of the foreign entity's outsta
nding stock
A. 1 B. 10 C. 25 D. 40满纸荒唐言
•15. Purchas of stock that are too small too be considered foreign direct investment are classified as
BOB头吧
– A. depreciation.
– B. investment spending.
– C. portfolio investment.
竞岗
– D. capital investment.
第二章
1. For which of the following ts of exchange rates has the cross rate been correctly calculated?
– A. £1 = 2 Swiss francs; $1.50 = £1; $1 = 0.75 Swiss francs
