Consider the case of two countries, Afghanistan and the US, both producing carpets and fighter aircraft. The tale below shows output rates per day in the two countries if all resources are fully and efficiently employed. An appropriate international exchange ratio that would allow mutually advantageous trade to take place would be: Select one: a. B. 1 aircraft = 22 carpets. b. 1 aircraft = 25 carpets. c. 1 carpet = 4 aircraft. d. 1 carpet = 0,04 aircraft. e. 1 aircraft = 20 carpets.

he functions of commercial banks include: Select one: a. creating liquidity. b. increasing cost of funding through financing charges. c. issuing new money. d. concentrating risk exposure.

Nominal variables are expressed in terms of: Select one: a. deflated values. b. base year values. c. constant values. d. rand values.

Given the demand and supply curves for dollars (in terms of the South African rand) in the foreign exchange market. In this case, an increase in American tourists to South African game reserves would cause the: Select one: a. Supply curve to shift to the left. b. Demand curve to shift to the right. c. Supply curve to shift to the right. d. Supply curve and demand curve to remain unchanged. e. Demand curve to shift to the left.