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1、1. Whichofthefollowingisalwayscorrectinanopeneconomy? a. S=I b. S=NX+NCO c. S=NCO d. S=I+NCOANSWER: dDIFFICULTY: EasyREFERENCES: EquilibriumintheOpenEconomyLEARNING OBJECTIVES: ECON.MANK.079-Determinetheoutcomeofdifferenttradebalancesonthevariablesfoundinn
3、assetsbydomesticresidents=800billioneuros,whatisthequantityofeurosdemandedinthemarketforforeign-currencyexchange? a. 1,100billioneuros b. 600billioneuros c. 500billioneuros d. 200billioneurosANSWER: dDIFFICULTY: ModerateREFERENCES: EquilibriumintheOpenEcono
5、erminantofnetcapitaloutflowisthe a. nominalexchangerate. b. nominalinterestrate. c. realexchangerate. d. realinterestrate.ANSWER: dDIFFICULTY: EasyREFERENCES: EquilibriumintheOpenEconomyLEARNING OBJECTIVES: ECON.MANK.011-Applybasicprinciplesabouttheinterna
6、tionalflowofgoodsandcapital.TOPICS: BalanceofpaymentsOpeneconomyKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 003.32.2-MC-MANK08CopyrightCengageLearning.PoweredbyCognero.Page 194. WhentheU.S.realinterestratefalls,purchasingU.S.assetsbecomes a. moreattractivetobothU
7、.S.andforeignresidents. b. moreattractivetoU.S.residentsandlessattractivetoforeignresidents. c. lessattractivetoU.S.residentsandmoreattractivetoforeignresidents. d. lessattractivetobothU.S.residentsandforeignresidents.ANSWER: dDIFFICULTY: EasyREFERENCES: Eq