What is called a country’s total financial obligations to the rest of the world ?

Related Mcqs:

1. What is called a country’s total financial obligations to the rest of the world ?

   A. Total debt
   B. Debt burden
   C. National liabilities
   D. External debt

2. Name a default on debt and obligations by a major financial institution that disrupts the stability of the economic system ?

   A. Debt blast
   B. Debt bomb
   C. Bad debt
   D. None of them

3. Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?

   XA. wages and rents should fall in Country A
   B. wages and rents should rise in Country A
   C. wages should rise and rents should fall in Country A
   D. wages should fall and rents should raise in Country A

4. An evaluation of an individual’s or company’s ability to obligations or its likelihood of not defaulting is known as ?

   A. Credibility
   B. Credit risk
   C. Credit credibility
   D. Credit rating

5. The record of a country’s transactions in goods, services and assets with the rest of the world is its ?

   A. balance of trade
   B. capital account
   C. current account
   D. balance of payments

6. A country’s transactions with the rest of the world are recorded in the ?

   A. balance of international indebtedness
   B. balance of financial transactions
   C. balance of payments
   D. income statements

7. In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?

   A. a nominal exchange rate, floated
   B. a real exchange rate, pegged
   C. a purchasing power parity, pegged
   D. a real exchange rate, floated

8. With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

   A. 1,600 computers, decrease, increase
   B. 1,600 computers, increase, decrease
   C. 1,200 computers, decrease, increase
   D. 1,200 computers, increase, decrease

9. With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?

   A. 20 calculators increase
   B. 25 calculators decrease
   C. 25 calculators increase
   D. 30 calculators increase

10. In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?

    A. 3>2>1
    B. 3=2=1
    C. 3<2<1
    D. any measure can be larger or smaller than any other