i) What type of global currency system do we have today and how would you characterize it?

What are the main components of the national savings and investment identity?

What is the foreign exchange market?

What would make a country decide to change from a common currency, like the euro, back to its own currency?

What three factors will determine whether a nation has a higher or lower share of trade relative to its GDP?

Many developing countries, like Mexico, have moderate to high rates of inflation. At the same time, international trade plays an Important role In their economies. What type of exchange rate regime would be best for such a countrys currency vis Ă´ vis the U.S. dollar?

Does a trade surplus mean an overall inflow of financial capital to an economy, or an overall outflow of financial capital? What about a trade deficit?

Is inflation likely to be a problem for at least some low- and middle-income economies in the near future?

In Exercise 33.31, is there an ask where Venezuelans may say no thank you to trading with Canada?

When is a trade deficit likely to work out well for an economy? When is it likely to work out poorly?