Test bank international economics, 10e chapter 20

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Nội dung chi tiết: Test bank international economics, 10e chapter 20

Test bank international economics, 10e chapter 20

International Economics, lOe (Krugman/Obstfeld/Melitz)Chapter 20 (9) Financial Globalization: Opportunity and Crisis20.1 The Intemauonal Capital Marke

Test bank international economics, 10e chapter 20 et and the Gains from Trade1)If you are offered a gamble in which you win 500 dollars 3/8 of the time and you lose 500 dollars 5/8 of the time, what i

s your expected payoff and your behavior given that you are a risklover?A)$500, take the gambleB)-S125, take the gambleC)-SI25, it is unclear what you Test bank international economics, 10e chapter 20

would do without further informationD)$500, decline the gambleE)-$125, decline the gambleAnswer: cPage Ref: 597-602Difficulty: Easy2)The two types of

Test bank international economics, 10e chapter 20

trade, intertemporal and pure asset swap_____perfect substitutes,because 'A)are; they both offer considerable payoff and are equal in the long runB)a

International Economics, lOe (Krugman/Obstfeld/Melitz)Chapter 20 (9) Financial Globalization: Opportunity and Crisis20.1 The Intemauonal Capital Marke

Test bank international economics, 10e chapter 20 ral trade takes two time periods and involves both assets and goods'servicesD)could possibly be; different economic states occur at different points i

n timeE)are not; asset swapping never relates to intertemporal tradeAnswer: DPage Ref: 597-602Difficulty: Easy1Copyright 201S Pearson Education, t Test bank international economics, 10e chapter 20

nc.https://khothuvien.cori!3)For the following question assume the following facts:-1Balance of Payments 0 prior to the transactions.-2Person A (who

Test bank international economics, 10e chapter 20

lives in the United States) purchases an airplane from British Airways for $150,000.-3Person A pays with a check from his account at First Union Bank

International Economics, lOe (Krugman/Obstfeld/Melitz)Chapter 20 (9) Financial Globalization: Opportunity and Crisis20.1 The Intemauonal Capital Marke

Test bank international economics, 10e chapter 20 e $150,000 at Commonwealth bank, which is located in the United States.Due to the transactions above, what are the effects on the balance of payments?

A)-$150,000 due to import of good (current account debit)B)+$150,000 due to import of good (current account credit)C)-SI50,000 due to deposit of Bank Test bank international economics, 10e chapter 20

of England (capital account debit)D)+$150,000 due to deposit of Bank of England (capital account credit)E)No effect (150,000 current account debit and

Test bank international economics, 10e chapter 20

150,000 capital account credit)Answer: E

International Economics, lOe (Krugman/Obstfeld/Melitz)Chapter 20 (9) Financial Globalization: Opportunity and Crisis20.1 The Intemauonal Capital Marke