quiz3summer2007

quiz3summer2007 - Economics 302 Summer2007 Third Quiz* Name...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Economics 302 Name ________________________________________ Summer2007 Third Quiz* Student ID Number _____________________________ The following quiz is worth a total of 2.5 points. If your work is sloppy or illegible points will be subtracted. 1. (.25 points) When spending is greater than production during the current time period in a small, open economy then a. Exports for this country exceed imports for this country. b. Exports for this country are less than imports for this country. 2. (.25 points) When exports are less than imports for a small open economy during a particular period of time then a. This country is a net lender. b. This country is a net borrower. 3. (.25 points) A country is running a trade deficit if a. It is a net borrower in the world’s financial markets. b. It is a net lender in the world’s financial markets. 4. (.25 points) Net Exports are equal to a. Aggregate Output minus domestic spending. b.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/08/2008 for the course ECON 302 taught by Professor Gold during the Spring '07 term at Wisconsin.

Page1 / 2

quiz3summer2007 - Economics 302 Summer2007 Third Quiz* Name...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online