Openness of an economy is: (a) the extent to which a country is involved in international trade and finance. (b) the degree to which a country generates its economic growth. (c) the degree to which a country generates its income. (d) the extent to which a country is involved in tourism
please kindly assist with the following QnA
Openness of an economy is:
(a) the extent to which a country is involved in international trade and finance.
(b) the degree to which a country generates its
(c) the degree to which a country generates its income.
(d) the extent to which a country is involved in tourism.
Q.1.11 What is a foreign exchange rate? (2) (a) The rate at which the currency of one country trades for the goods of
another country.
(b) The rate at which one country’s goods trade for those of another country.
(c) The rate at which currencies of different countries are exchanged.
(d) The rate at which one country’s currency trades for gold provided by
another country.
As a result of more Americans visiting South Africa, we can expect, ceteris paribus:
(a) an appreciation of the rand relative to the dollar.
(b) a
(c) an appreciation of the dollar relative to the rand.
(d) that it will cost South Africans more to visit the United States.
What is a tariff?
(a) A form of subsidy.
(b) A tax on imported goods.
(c) A tax on foreign property.
(d) A form of quota.
In the Keynesian model, what is the most important determinant of a household’s consumption?
(a) Disposable income.
(b) Total wealth.
(c) The number of persons in the household.
(d) Its’ net wealth
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