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Question 1.

All of the following are deficit items in the balance of payments accounts EXCEPT

• U.S. residents purchases of gold from foreign residents.

• exports of merchandise.

• U.S. tourists spending funds in Europe.

• U.S. purchases of foreign companies' stocks and bonds.

Question 2.

Suppose that the current exchange rate between the dollar and peso is $1 equals 10 pesos. If the exchange rate changes to $1 equals 8 pesos, which of the following is TRUE?

• The peso appreciates and imports from Mexico become cheaper.

• The peso depreciates and imports from Mexico become cheaper.

• The dollar appreciates and U.S. exports become cheaper.

• The dollar depreciates and U.S. exports become cheaper.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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Answer 1

exports of merchandise.

Answer 2

The peso depreciates and imports from Mexico become cheaper.
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