Unlike a banking crisis, an exchange rate crisis rarely results in a deep recession. (True or false?)

Unlike a banking crisis, an exchange rate crisis rarely results in a deep recession.
 
  Indicate whether the statement is true or false

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Question 2 - The bulk of offshoring is vertical, relating to producing a component piece in an overall supply chain production.
 
  Indicate whether the statement is true or false

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Question 3 - The terms of trade are
 
  A) the terms negotiated in a trade agreement.
  B) exports plus imports divided by GDP.
  C) the value of the real exchange rate.
  D) the ratio of export prices to import prices.

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Question 4 - The free movement of financial capital is desirable for all countries.
 
  Indicate whether the statement is true or false

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Question 5 - Exchange rates and banking systems are often the variables through which the contagion effects of a crisis are spread from one country to another.
 
  Indicate whether the statement is true or false

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Question 6 - Offshoring by domestic firms causes job losses rather than job expansion in the home market.
 
  Indicate whether the statement is true or false

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Question 7 - Import substitution industrialization in Latin America
 
  A) relied on increased exports.
  B) provided subsidies for exports.
  C) shifted the bulk of exports away from primary commodities.
  D) created disincentives to export.