Exam 18: Open Economy Macroeconomics Basic Concepts: The International Flows of Goods and Capital

A Finnish corporation builds a factory the produces ceiling fans in the United States.This is an example of Finish

The country of Elbia has a GDP of $2,000,consumption of $1,300,and government purchases of $400.Which of the following is equal to $300?

Which of the following statements is incorrect for an open economy?

Susan,a U.S.citizen,builds and operates a kennel in France.This action is an example of

Since 1980 U.S.net capital outflow has been

Net capital outflow equals

Which of the following is an example of U.S.foreign direct investment and by itself increases U.S.net capital outflow?

Paul,a U.S.citizen,builds a telescope factory in Israel.His expenditures

If a country has negative net capital outflows,then its net exports are

Foreign-produced goods and services that are purchased domestically are called

A U.S.grocery chain buys bananas from Honduras and pays for them with U.S.dollars.

Which of the following is an example of U.S.foreign direct investment?

If saving is less than domestic investment,then

If U.S.exports are $150 billion and U.S.imports are $100 billion,which of the following is correct?

U.S.exports are $300 billion,U.S.imports are $500 billion.Which of the following are consistent with the level of net exports?

When a Japanese auto maker opens a factory in the U.S. ,U.S.net capital outflow

If citizens of a country are not saving much,it is better to

Lydia,a citizen of Italy,produces scarves and purses that she sells to department stores in the United States.Other things the same,these sales

A Guatemalan company exchanges quetzal (Guatemalan currency)for dollars and then uses the dollars to purchase construction equipment from a U.S.company.These transactions

Paine Pharmaceuticals produces medicines in the U.S.Its overseas sales