Week 8 quiz

Week 8 quiz - 4. In the U.S. balance of payments, U.S....

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Week 8 quiz 1. U.S. export transactions create: A foreign demand for dollars and the satisfaction of this demand increases the supplies of foreign monies held by U.S. banks 2. Answer the next question on the basis of the following information. In 1985, the exchange rate between the U.S. dollar and the Japanese yen was $1=262 yen. In 2003, the rate was $1=110 yen. Which one of the following might be a plausible explanation for the change in the dollar-yen exchange cited in the previous question? Japan exported much more to the U.S. during this period than it imported from the U.S. 3. As it relates to international trade, dumping; Is the practice of selling goods in a foreign market at less than cost
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Unformatted text preview: 4. In the U.S. balance of payments, U.S. purchases of assets abroad are a(n): a. U.S. dollar outflow 5. Under an international gold standard A nation sacrifices an independent monetary policy 6. “Offshoring” Is the shifting work previously done by domestic workers to workers located in other countries 7. Export supply curves are _________; import demand curves are _______ Upsloping; downsloping 8. In recent years, The U.S. has had large Balance of trade deficits 9. Suppose the U.S. sets a limit on the number of tons of sugar that can be imported each year. This is an example of a(n) Import quota...
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This note was uploaded on 04/15/2010 for the course ECO 2252 taught by Professor Edward during the Spring '08 term at Troy.

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