If the US real exchange rate appreciates, US net exports ()
A. increase and US net capital outflow decreases.
B. decrease and US net capital outflow increases.
C. and US net capital outflow both increase.
D. and US net capital outflow both decrease.
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Purchasing-power parity theory does not hold at all times because ()
A. many goods are not easily transported.
B. the same goods produced in different countries may be imperfect substitutes for each other.
C. Both a and b are correct.
D. prices are different across countries.
Imagine that a bushel of wheat costs $3.20 in the United States and costs 20 pesos in Mexico. If the nominal exchange rate is 10 pesos per dollar, the real exchange rate is ()
A. 1.60
B. 1.25
C. 0.625
D. None of the above is correct.
Imagine that a bushel of wheat costs $3.20 in the United States and costs 20 pesos in Mexico. If the nominal exchange rate is 10 pesos per dollar, the real exchange rate is ()
A. 1.60
B. 1.25
C. .625
D. None of the above is correct.
In an open economy, the demand for loanable funds comes from ()
A. only those who want to borrow funds to buy domestic capital goods.
B. only those who want to borrow funds to buy foreign assets.
C. those who want to borrow funds to buy either domestic capital goods or foreign assets.
D. neither those who want to borrow funds to buy domestic capital goods nor those who want to borrow funds to buy foreign assets.
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