QUESTION 17

Imports have the potential to lower a country's inflation rate because of each of the following EXCEPT:

a.	the import of lower priced services limits what domestic competitors can charge for services.
b.	the higher prices of foreign goods spurs domestic competitors to cut prices.
c.	the import of lower priced goods limits what domestic competitors can charge for goods.
d.	all of the above

QUESTION 15

The balance of payments:

a.	records all international transactions for a country over a period of time.
b.	adds up the value of all assets and liabilities of a country on a specific date.
c.	determines the eligibility of countries for World Bank aid.
d.	all of the above