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Need some help with these practice questions, no working out needed, thanks! Question 45 2 pt: If Japan has a current account surplus, then it
Need some help with these practice questions, no working out needed, thanks!
Question 45 2 pt: If Japan has a current account surplus, then it must: 0 have an offsetting capital account decit. 0 also have a surplus in its capital account. 0 have a positive balance of payments. 0 import more goods than it exports. Question 46 2 pt: Which of the following would be expected if the tariff on foreignproduced automobiles were increased? 0 The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations. 0 The supply of foreign automobiles to the domestic market would decline, causing auto prices to rise. 0 The number of unemployed workers in the domestic automobile industry would rise. 0 The domestic price of automobiles would fall. Question 47 2 p Since World War II, tariff reductions have occurred in large part because of negotiations under the: Q Monetary Control Act. 0 Employment Act. 0 Industry and Trade Administration Act. 0 General Agreement on Tariffs and Trade. Question 48 2 p Atax levied on imported goods is called a(n): 0 foreign prots tax. 0 tariff O excise tax O quotaStep by Step Solution
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