经济学原理对应练习32文档格式.doc

经济学原理对应练习32文档格式.doc

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d. persistentlyhadatradesurplus.

ANS:

C PTS:

1 DIF:

1 REF:

32-0

TOP:

Budgetdeficit MSC:

Definitional

2. ManyU.S.businessleadersarguethatthecurrentstateofU.S.netexportsistheresultof

a. U.S.exportsubsidies.

b. freetradepoliciesofforeigngovernments.

c. unproductiveU.S.workers.

d. unfairforeigncompetition.

D PTS:

U.S.trade MSC:

3. Theopen-economymacroeconomicmodelincludes

a. onlythemarketforloanablefunds.

b. onlythemarketforforeign-currencyexchange.

c. boththemarketforloanablefundsandthemarketforforeign-currencyexchange.

d. neitherthemarketforloanablefundsorthemarketforforeign-currencyexchange.

Open-economymacroeconomicmodel MSC:

4. Theopen-economymacroeconomicmodelexaminesthedeterminationof

a. theoutputgrowthrateandtherealinterestrate.

b. unemploymentandtheexchangerate.

c. theoutputgrowthrateandtheinflationrate.

d. thetradebalanceandtheexchangerate.

5. Theopen-economymacroeconomicmodeltakes

a. GDP,butnotthepricelevelasgiven.

b. thepricelevel,butnotGDPasgiven.

c. boththepricelevelandGDPasgiven.

d. thepricelevelandGDPasvariablestobedeterminedbythemodel.

32-1

6. Inanopeneconomy,themarketforloanablefundsequatesnationalsavingwith

a. domesticinvestment.

b. netcapitaloutflow.

c. thesumofnationalconsumptionandgovernmentspending.

d. thesumofdomesticinvestmentandnetcapitaloutflow.

Marketforloanablefunds MSC:

Interpretive

7. Inanopeneconomy,themarketforloanablefundsequatesnationalsavingwith

c. nationalconsumptionminusdomesticinvestment.

d. Noneoftheaboveiscorrect.

8. Intheopen-economymacroeconomicmodel,themarketforloanablefundsidentitycanbewrittenas

a. S=I

b. S=NCO

c. S=I+NCO

d. S+I=NCO

9. Intheopen-economymacroeconomicmodel,thesupplyofloanablefundscomesfrom

a. nationalsaving.

b. privatesaving.

c. domesticinvestment.

A PTS:

10. Intheopen-economymacroeconomicmodel,thedemandforloanablefundscomesfrom

b. netexports.

c. netcapitaloutflow.

d. thesumofnetcapitaloutflowanddomesticinvestment.

11. Thepurchaseofacapitalassetaddstothedemandforloanablefunds

a. onlyiftheassetislocatedathome.

b. onlyiftheassetislocatedabroad.

c. whethertheassetislocatedathomeorabroad.

Applicative

12. U.S.corporationWell’sPetroleumborrowsmoneytobuildanoilwellinTexasandtobuildanotherinVenezuela.

a. TheborrowingforthewellintheU.S.andthewellinVenezuelabothcountaspartofthedemandforloanablefundsintheU.S.market.

b. NeithertheborrowingforthewellintheU.S.northewellinVenezuelacountaspartofthedemandforloanablefundsintheU.S.market.

c. TheborrowingforthewellintheU.S.countsaspartofthedemandforloanablefundsintheU.S.TheborrowingforthewellinVenezueladoesnotcountaspartofthedemandforloanablefundsintheU.S.market.

d. TheborrowingforthewellinVenezuelacountsaspartofthedemandforloanablefundsintheU.S.TheborrowingforthewellintheUS.doesnotcountsaspartofthedemandforloanablefundsintheU.S.market.

2 REF:

13. Otherthingsthesame,ahigherrealinterestrateraisesthequantityof

c. loanablefundsdemanded.

d. loanablefundssupplied.

14. Otherthingsthesame,alowerrealinterestratedecreasesthequantityof

a. loanablefundsdemanded.

b. loanablefundssupplied.

c. domes