Exam 36: Globalization and International Impacts on the Economy

In economics,the term foreign exchange trading means

Studies have shown that tipping is much less common in countries where caring and personal relationships are highly valued,as opposed to the values of success and materialism.

In 2000,the top 100 transnational companies produced about _____________ percent of the entire world's output.

With a decrease in the budget deficit,the open-economy outcome,compared to the closed-economy outcome,features a ___________ in Real GDP.

Globalization is closely aligned with which of the following?

As the dollar appreciates,the dollar price of imported goods ___________ ultimately shifting the United States AD curve to the _______________.

Expansionary fiscal policy

Many economists argue that higher real interest rates in the United States (relative to foreign real interest rates)will lead to a(n)________________ of the dollar and subsequent shifts in the U.S.AD curve and SRAS curve such that Real GDP will ___________________.

If the dollar appreciates,the U.S.AD curve shifts leftward by an amount greater than the U.S.SRAS curve shifts rightward ,then Real GDP will _____________________ and the price level will _____________________.

In a two-country world consisting of Japan and the United States,a contraction in the Japanese economy will lead to lower Real GDP in the United States.

The _____________ the size of the potential customer base for a given product (for example,music),the ______________ is the variety of goods we are likely to see.

Which of the following is false?

Suppose the price level in Germany falls,ceteris paribus. This _________________ United States net exports,ultimately shifting the United States AD curve __________________.

Suppose a British camera has a price of 200 British pounds. To a United States camera importer,its price rises from $360 to $380. This might happen when the dollar ________________ against the British pound,which means the British pound has a __________ dollar price.

Which of the following factors are repeated in many different definitions of globalization?

Dollar appreciation raises United States Real GDP when the _____________ shift of the SRAS curve exceeds the __________ shift of the AD curve.

According to the textbook,some people refer to the period from ___________________ as the First Era of globalization.

Net exports represent the difference between exports and imports.

Globalization first appeared on the world stage two decades ago.

Which of the following is not an affect of a lower federal government budget deficit?