1.Say the free market price of the currency of the Latin American country "Belleza" moves from 10B = $1 US to 4B = $1 US. Holding everything else constant we would expect Belleza to experience: Select one: a. a lower fiscal deficit b. a higher fiscal deficit c. .a higher trade deficit d. a lower trade deficit 2.Which of the following would not be a method of privatizing a state-run industry Select one: a. contracting for private company to charge tolls and manage a road b. government purchase of shares in a private agricultural bank c. issuing privately-held stock in a public sugar corporation d. sale of assets of a national airline through auctions

3.What are the terms "internal" macroeconomic balance and "external" trade balance, respectively? Select one: a. (government revenues-government expenses), (exports-imports) b. (exports-imports), (government revenues-government expenses) c. (imports-exports), (government revenues-government expenses) d. (government expenses-government revenues), (imports-exports)