A country that regulates(管控)the rate at which its currency is exchanged for all other currencies is considered to have a ________ exchange rate system.
A. fixed or managed
B. floating or flexible
C. forward
D. spot
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Suppose the US is a capital abundant(充足)country and the ROW is labor abundant. Shoe production is labor intensive(劳动密集)and auto production is capital intensive. In this example above, if there were no trade between the US and ROW
Autos would be relative expensive in the US
B. Capital would be relatively expensive in the US
C. Labor would be relatively expensive in the ROW
D. Shoes would be relatively expensive in the US
Of the following, which would NOT be considered a way that government interferes (妨碍)with comparative advantage?
A. tariffs
B. managerial skills
C. quotas
D. other non-tariff restrictions
In determining why a firm becomes multinational there are many reasons. One reason is that the firm is a market seeker. Which of the following is NOT a reason why market seeking firms produce in foreign countries?
A. satisfaction of local demand in the foreign country
B. satisfaction of local demand in the domestic markets
C. political safely and small likelihood of government expropriation of assets
D. All of the above are market-seeking activities.
The bank’s primary liabilities are deposits and loans.