For every 10% increase in the importance of a country's international trade in an economy, the per capita income level will rise by at least 5%. ()
举一反三
- In the Linder theory of trade, a country sends goods to other countries which , and the greatest trade of a country is expected to be with countries which have per capita income levels that of the original country.
- Inflation is defined as ( ). A: an increase in the overall level of prices in the economy B: a period of rising productivity in the economy C: an increase in the overall level of output in the economy D: a period of rising income in the economy
- The steady-state level of income per person in a country is a<br/>function of all the following EXCEPT ____ A: the rate of saving. B: the current level of income in the country. C: the efficiency with which the economy employs the factors of<br/>production. D: the population growth rate.
- Which of the following will probably not result in an increase in a country's current account balance (assuming everything else constant)? A: A decrease in the country's rate of inflation B: A decrease in the country's national income level C: An increase in government restrictions in the form of tariffs or quotas D: An appreciation of the country's currency E: All of the above will result in an increased current account balance.
- A country with a surplus in the balance of payments may ( ). A: increase foreign exchange reserves B: enhance ability of external payment C: raise the cost of international trade D: improve it international status