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

A Japanese flour mill buys wheat from the United States and pays for it with yen.Other things the same,Japanese

A U.S.citizen buys bonds issued by an automobile manufacturer in Japan.Her expenditures are U.S.

Other things the same,if a country's domestic investment decreases,then

U.S.-based John Deere sells machinery to residents of South Africa who pay with South African currency (the rand).

If a country were to save more,but its domestic investment remained the same,then which of the following would rise?

One year a country has positive net exports.The next year it still has positive but larger net exports

If a country exports more than it imports,then it has

Which of the following is inconsistent with the others?

If Norway sold more goods and services abroad than it purchased from abroad,then it had

Which of the following is always correct?

A country has $100 million of net exports and $170 million of saving.Net capital outflow is

During some year a country had exports of $50 billion,imports of $70 billion,and domestic investment of $100 billion.What was its saving during the year?

Net exports of a country are the value of

Peru has exports of $31.5 million and imports of $30 million.Peru

If a country has a trade deficit then

A Turkish company exchanges liras for dollars and then uses the dollars to purchase medical equipment from a U.S.company.These transactions

A nation has a positive net capital outflow.Which of the following is correct?

Other things the same,if a country has a trade deficit and saving rises,

The increase in international trade in the United States is partly due to

A country has $45 million of domestic investment and net capital outflow of -$60 million.What is its saving?