account

By external balance, most economists mean

A.avoiding excessive imbalances in internationalB.a balance between exports andC.a balance between trade account and serviceD.a fixed exchangeE.None of theAnswer: A
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The current account is equal to

The current account is equal toA.S(p)-I + T-G                  B.C+I+G+X               C.I+X              D.T-GAnswer: A
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A current account surplus

A.poses a problem if domestic savings are being invested more profitably abroad than they would be atB.may pose no problem if domestic savings are being invested more profitably ab...
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A current account surplus implies that

A.The country is a net lender to the rest of the worldB.The country is running a net financial account surplusC.Foreign investment in domestic securities is at very low levelsD.All...
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Under the gold standard era of 1870 – 1914,

A.central banks tried to have sharp fluctuations in the balance ofB.central banks tried to avoid sharp fluctuations in the current account of the balance ofC.central banks tried to...
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